Baku, Azerbaijan, Apr. 30
By Ilaha Mammadli - Trend:
The Azerbaijani state's share in the authorized capital of the International Bank of Azerbaijan (IBA) rose from 50.2 percent to 51.07 percent.
The information on share distribution of shareholders of the bank is published on its website.
According to the updated structure, the share of the finance ministry, which acts on behalf of the state, remains at 50.2 percent in the declared authorized capital, and in the actual authorized capital it stands at 51.07 percent (in the amount of 301.405 million Azerbaijani manats).
The change in the shares was due to the increase of the authorized capital of the IBA from 568.333 million manats to 590.192 million manats.
Currently, the ratio of the shares in the bank's actual capital is as follows: the non-governmental organizations hold 10.11 percent of the shares (in the amount of 59.678 million manats), and individuals hold 38.82 percent (229.11 million manats).
Meanwhile, their shares in the declared authorized capital of the IBA are 10.17 percent and 39.63 percent, respectively.
The IBA was founded in January 1992.
The official exchange rate as of April 30 is 1.0487 AZN/USD.
Edited by CN