Bank Of Baku

Kapital Bank increases authorized capital

Kapital Bank increases authorized capital
# 04 July 2013 08:55 (UTC +04:00)

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

 

SCS says face value is AZN 10, quantity – 3 mln and the volume of the issue – AZN 30 mln. The placement will be held in public offering. After placement, the authorized capital will rise 60% to AZN 80 mln. Underwriter is Chelsea Capital.

 

Note that Kapital Bank has been in operation since 2000.

 

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THE OPERATION IS BEING PERFORMED