Kafkaz Development Bank increases authorized capital

Kafkaz Development Bank increases authorized capital
# 12 December 2012 13:55 (UTC +04:00)

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

SCS says face value is AZN 1, quantity – 40 mln and the volume of the issue – AZN 54 mln.

According to experts, after placement, the authorized capital will be increased by 3.9 times to AZN 54 mln.

Note that Kafkaz Development Bank has been in operation since 1996.

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THE OPERATION IS BEING PERFORMED