Azerbaijani bank increases authorized capital
Baku, Azerbaijan, Dec. 3
By Azad Hasanli - Trend:
The State Securities Committee (SSC) of Azerbaijan has registered the issue prospectus of ordinary registered book-entry shares of the VTB Bank in the amount of 2 million manats, the message of the Baku Stock Exchange said.
Some 2,000 shares with a par value of 1,000 manats each have been released within the framework of the emission.
The placement underwriter is Invest-AZ OJSC.
As a result of the emission, the authorized capital of the bank will reach 52 million manats.
The bank's share capital is distributed among the three holders, namely: Nigar Mehdiyeva (75 percent), Sadiq Rza (19 percent) and Tyukazban Makhmudova (6 percent).
The VTB bank was founded in 2010.
The official exchange rate for December 3 is 1.0512 AZN/USD.