Azerbaijan, Baku, Dec. 2 / Trend /
The Baku Stock Exchange (BSE) received a petition for including ordinary registered book-entry shares of the JSC Kredobank in its unquoted list, the BSE reported today
The BSE will start placement the shares of the insurance company Dec.9.
The BSE registered issue of the company's shares worth 2.5 million manat with nominal value of 10,000 manat per each
Chelsea Capital company is the underwriter of the placement of the company's shares
At present, the bank's paid-up capital is 13 million manat.
Kredobank was established as Anar commercial bank on Feb. 28, 1994. The bank has 14 branches. Six are located in Baku. The others are located in Ganja, Guba, Masalli, Goychay, Fizuli, Imisli, Khachmaz and Ismayilli. The Bank also has 20 points of currency exchange.
The official exchange rate is 0.8 manat to $2 Dec. 2.