Bank Of Baku

Azer-Turk Bank increases authorized capital

Azer-Turk Bank increases authorized capital
# 03 May 2011 08:58 (UTC +04:00)
Bakı. Elnur Hüseynquluyev – APA-Economics. Until the end of May, Azer-Turk Bank is intending to reach authorized capital AZN 11.624 mln by raising it AZN 633.560 mln or 5.8%.

Bank says that the face value per stock is AZN 1, the total number is 633,560.

According to emission prospect, placement of shares will be realized via Baku Fund Bourse. Caspian Financial LLC will perform underwriter role in this process.

Remind that, Azer-Turk Bank is in operation since 1995. The bank operates 4 branches, 7 ATMs and 23 POS-terminals across the country.
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