Azerbaijan, Baku / Trend corr. I.Khalilova / The State Committee on State Property Management of Azerbaijan announced the winner of the tender on the sale of 50% state share of the State Capital Bank. The new shareholders of the Bank are Khalg Bank - the winner of two lots (20%), Ata Holding - the winner of two lots (20 %) and Azersun Holding - the winner of one lot (10%).
The rest being 50% belongs to the State Property Management.
Earlier Capital Bank was a state bank. However, at present it is a private bank in compliance with the decree of the Azerbaijani President on additional measures to deepen reforms in the financial and banking sector in the Azerbaijani Republic from 1 March 2005.
The authorized capital of the Bank is AZN 24mln. The joint capital amount to AZN 41.3mln.
Eight companies bid in the tender to acquire 50% of Capital Bank. One of the main conditions of the tender was to draw in fair businessmen.
The assets of the bank made up AZN 200mln at 1 September, credit portfolio 42% or 43% and deposit portfolio AZN 70mln.