Bank Of Baku

AGBank attracts subordinated loan

AGBank attracts subordinated loan
# 23 November 2015 12:21 (UTC +04:00)

Baku - APA-Economics. AGBank may attract subordinated loan to meet Central Bank’s demand for total capital.

 

Bank says the total capital makes AZN 47 mln. So, AZN 3 mln is needed to meet the demand.

 

“Bank’s profit in 2015 will be directed to the total capital. Moreover, the shortage will be compensated by new emission of shareholders or attraction of new subordinated loan”, bank said. 

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