Finance

Home page

Finance

Rabitabank increases authorized capital

11 January 2013 09:24 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Rabitabank increased authorized capital AZN 5 million and reached to AZN 35 million and total capital to AZN 39 million in the beginning of 2013.

A decision on increasing authorized capital of the Bank was made in the General Meeting of the Shareholders in 2012. Additional share emissions were realized by stages during the year for this purpose and all shares were placed by an open subscription through Baku Stock Exchange.

Rabitabank will continue its activity in the direction of increasing the authorized capital in 2013.

It should be mentioned that Rabitabank has been operating for 20 years. The Bank is represented in 14 regions of the country by wide branch network consisting of 18 branches, 2 departments and 1 representation.