Bank Of Baku

AGBank increases total capital

 AGBank increases total capital
# 22 May 2013 07:10 (UTC +04:00)

 

Baku. Nijat Mustafayev – APA-Economics. In the near future, Azerbaijan’s AGBank will involve AZN 5 mln-subordinated loan, APA-Economics reports.

 

The abovementioned loan will be directed to the increase of total capital of the bank. As a result, bank’s total capital will reach AZN 50 mln.

 

‘Shareholders have already made a decision in this regard and bank management will address the Central Bank on this issue’, told the Bank.

 

AGBank has been in operation since 1992. 

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