Bank Of Baku

Bank VTB increases authorized capital

 Bank VTB increases authorized capital
# 24 May 2013 10:32 (UTC +04:00)

 

Baku. Nijat Mustafayev – APA-Economics. State Committee for Securities has registered the emission prospectus of ordinary, book-entry shares of Bank VTB.

 

Bank says face value is AZN 1,000, quantity – 36,400 and the volume of the issue – AZN 36.4 mln. The placement will be held in public offering. After placement, the authorized capital will increase by 3.7 times to AZN 50 mln.

 

Note that Bank VTB has been in operation since 2010.

 

 

 

 

 

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THE OPERATION IS BEING PERFORMED