VTB- Azerbaijan completes placement of shares on BSE

Business Materials 30 December 2009 16:43 (UTC +04:00)

Azerbaijan, Baku, Dec. 30 / Trend /

VTB-Azerbaijan completed placing shares worth 16 million manat on the Baku Stock Exchange (BSE) Dec.29, the Bank reported  

Thus, the bank completed placing shares worth 80 million manat with nominal value of 0.2 AZN per share. This information was announced Dec.14 2009.

Brokdil-Az is an underwriter of the bonds placement of the bank

As of Nov.1, bank's assets hit 16.06 million manat.

The bank's authorized capital is 7,815 million manat 

Fifty-one percent of the VTB Bank's shares belong to the Russian VTB Bank and 49 percent to residents of the Azerbaijan Republic

VTB Group has entered the Azerbaijani market in late 2008. VTB- Azerbaijan license № 06/06-634 was issued by the Azerbaijani Central Bank March 11, 2009.

On Dec. 30, the official exchange rate is 0.8031 manat to $1.

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