IBAR’s authorized capital reaches AZN 317 mln

IBAR’s authorized capital reaches AZN 317 mln
# 15 January 2013 12:57 (UTC +04:00)

Baku. Ali Ahmedov – APA-Economics. 77% of additional share emission of International Bank of Azerbaijan within the increase of authorized capital has already been sold to shareholders in the preferential rule. Note that after share emission, the bank’s authorized capital is planned to increase by AZN 100 mln to AZN 340 mln.

“At the same time, main shareholder of bank Azerbaijan government has already purchased its 50.2%-share. For this purpose, AZN 50.2 mln was allocated to Ministry of Finance from Reserve Fund”.

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THE OPERATION IS BEING PERFORMED