Azerbaijan, Baku / Trend corr. I.Khalilova / Bank Respublika is planning to increase the authorized capital to AZN 25-26mln, Akshin Amirov, the director of the Department on risk-management of Bank Respublika, said on 9 November. Presently, the payment of issues of shares is implemented by AZN 2.6mln.
The local shareholders of the bank have already paid AZN 2mln depending on their share holding. The foreign shareholders are planning to pay AZN 0.66mln at the beginning of 2008.
The leading German financial institutions like DEG and Sparkassen International Development Trust have been the shareholders of Bank Respublika since 2005. They purchase share holding in amount of 25% + 1 share.