Baku. Nijat Mustafayev – APA-Economics. The State Committee for Securities has registered YapıKredi Bank’s issue prospectus of ordinary registered book-entry stocks.
The volume of the issue is AZN 12 713 400 and face value per stock AZN 0.02.
According to the issue prospectus, placement will be held through public subscription on the Baku Stock Exchange.
Flotation is expected to start in January. The successful flotation would triple the bank’s authorized capital to AZN 19 062 400.
As of October 1, the bank’s assets stood at AZN 108.775 million, loan portfolio at AZN 13.259 million, deposit portfolio at AZN 67.459 million, total capital atAZN 22.083 million and share capital at AZN 6.349 million.
YapiKredi Bank Azerbaijan, owned by Turkey’s YapiKredi Bank (80%) and International Finance Corporation (IFC) (20%), has been in operation since 2000.
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