Baku, Azerbaijan, Sept. 8
By Zulfiyya Gurbanova - Trend:
The Azerbaijani State Committee for Securities registered the issue prospectus of ordinary registered book-entry shares of AFB Bank OJSC. The issue volume is 10.68 million manat, the Baku Stock Exchange said Sept. 8.
The quantity of shares is 8,445 with par value of 1,265 manat each.
Texnika Kapital Menecment is the underwriter.
As of the first half of this year, AFB Bank's assets amounted to 233.76 million manat, the share capital - 42.34 million manat and the total capital - 53.27 million manat.
In December 2008, the Central Bank of Azerbaijan issued a license to AFB Bank to conduct banking activities. Officially, operations began in February 2009.
The bank's shareholders include two individuals with 0.8 percent shares and Gilan LLC with 99.2 percent of shares.
The official exchange rate is 0.7843 AZN/USD on Sept. 8.