Azerbaijani Mugan Bank increases authorized capital
Azerbaijan, Baku, Feb. 23 /Trend/
The Azerbaijani State Securities Committee registered the issue prospectus of ordinary registered book-entry shares totaling 2 million manat of "Mugan Bank" OJSC, the Committee reported.
The emission includes 20,000 shares at par value of each of 200 manat.
The authorized capital is 15 million manat, and following the issue will be raised to 17 million manat.
Mugan Bank has been operating in the country since 1992. It has 26 branches and four offices.
The official exchange rate is 0.7943 manat to $1 on Feb. 23.