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Debut Bankâ€™s shares offered for sale

Debut Bankâ€™s shares offered for sale

06 January 2009 09:42 (UTC +04:00)

The bank said the two invitees are an investment organization based in France and a commercial bank based in Azerbaijan.The bank declined to release the names of the potential acquirers because of confidentiality.
As of October 1, Debut Bankâ€™s assets stood at AZN 32.797 million, loan portfolio at AZN 28.294 million, deposit portfolio at AZN 1.286 million, total capital at AZN 11.121 million and authorized capital at AZN 8.750.
Owned by a number of individuals, Debut Bank has been in operation since 1994.
The bank operates 7 branches, 7 ATMs, 27 exchange offices and 82 POS terminals

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