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.