Azerbaijan, Baku, Sept. 3 /Trend/
The State Securities Committee (SSC) of Azerbaijan has registered the emission prospectus of ordinary nominal non-documentary shares of the Azerbaijani Silk Way Bank for a total of 97.13 million manats, the Committee's report, posted on Tuesday on its website said.
According to the report, the placement of the emission will be carried out with the help of conversion of total 679,230 shares, with a par value of 138 manats each, to the same number of shares with the par value of 143 manats.
As a result of the placement of emissions, the authorized capital of the bank increased by 3.6 percent from 93,734 million manats to 97.13 million manats.
The bank continues capitalization, despite the fact that the level of its capital is 1.9 times more than the new requirement of the Central Bank of Azerbaijan for the minimum total capital of 50 million manats as of January 1, 2014.
Bank Silk Way is a multi-profile institution. The bank's key activities include - retail, corporate and investment banking services.
The official exchange rate on September 3 is 0.7844 AZN/USD.
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