Nikoil Bank increases authorized capital

Nikoil Bank increases authorized capital
# 01 August 2013 10:41 (UTC +04:00)

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

SCS says face value is AZn 2, quantity – 6 mln and the volume of the issue – AZN 12 mln. The placement will be held in public offering and after placement the authorized capital will increase by 55.5% to AZN 34.5 mln.

Remind that Nikoil Bank has been in operation since 1997. As at April, the assets stood at AZN 211.020 mln, loan portfolio – at AZN 184.277 mln, deposit portfolio – at AZN 120.681 mln, total capital – at AZN 31.226 , as well as authorized capital – at AZN 22.5 mln.

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