Azerbaijan , Baku, May 13 / Trend/
Azer-Turk Bank applied to CJSC "Baku Stock Exchange" (BSE) for inclusion of its ordinary registered book-entry shares to the BSE non-quotation list, the exchange reported.
The start of the OJSC " Azer-Turk Bank " s shares placement is planned to be held beginning from May 19, 2011.
Parameters of the issue:
|
State registration number |
AZ100300442P |
|
Issue volume |
633 560 manat |
|
Quantity of shares |
633 560 |
|
Par value |
1 manat |
|
Underwriter |
" Caspian Financial Ltd" LLC |
Azer-Turk Bank was established May 25, 1995, by Turkish bank TC Ziraat Bank A.S. and Azerbaijani Agricultural and Industrial Bank (now non-banking credit organization Agrar Credit). Share holding of the Turkish capital in AzerTurk Bank may be increased in connection with the privatization of Agrar Credit. It owns 46 percent of the authorized shares. The remaining 4 percent belong to Azerbaijan Turan Bank. The Bank is a member-co-founder and shareholder of the National Processing Center MilliKart.
The official exchange rate is 0. 7908 manat to $1 on May 13 .