Azerbaijani bank renews preferred stock prospectus
Azerbaijan, Baku, Feb. 9 / Trend /
The Azerbaijani Rabitabank has renewed its preferred stock prospectus.
Its volume increased from 5.41 million manat to 5.8 million manat, the Baku Stock Exchange (BSE) said today.
The quantity of shares is 285,856.
The par value is 20.29 manat.
The authorized capital increased to 25.166 million manat.
The underwriter is Celsi Kapital.
Rabitabank is a commercial bank that has operated in Azerbaijan since 1993. It has become the fourth bank in Azerbaijan, in which the IFC has acquired a stake.
Rabitabank has cooperated with the IFC and the EBRD since 1999. The controlling stake in the bank (86.1 percent) belongs to Supervisory Board Chairman Zakir Nuriyev.
The official exchange rate is 0,7863 manat to $1.