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Pasha Bank increases authorized capital

22 April 2013 08:24 (UTC +04:00)

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

SCS says face value is AZN 17,800, quantity – 10,000 and the volume of the issues – AZN 178 mln.

The placement will be held in conversion of ordinary, book-entry shares of bank with the face value of AZN 15,700 (volume – AZN 157 mln and quantity – 10,000) to new parameters. After placement, the authorized capital will increase by 13.4% to AZN 178 mln.

Remind that Pasha Bank has been in operation since November, 2007. As of April 1, 2013, bank’s assets stood at AZN 711.352 mln, deposit portfolio – at AZN 432.264 mln, loan portfolio – at AZN 288.381 mln, total capital – at AZN 163.495 mln, as well as authorized capital – at AZN 157 mln.