United Credit Bank increases authorized capital

United Credit Bank increases authorized capital
# 26 February 2013 14:43 (UTC +04:00)

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

SCS says face value is AZN 2,000, quantity – 17,500 and the volume of the issue – AZN 35 mln.

The placement will be held in public offering. After placement the authorized capital will increase by 1.5 times to AZN 59.108 mln.

Note that United Credit Bank has been in operation since 1996.

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THE OPERATION IS BEING PERFORMED