Azerbaijani Texnikabank increases capital by 6 per cent
Azerbaijan, Baku, March 1 / Trend /
Texnikabank start to place emission of ordinary undocumented shares worth 4.008 million manat at the Baku Stock Exchange (BSE) from March 2, the BSE said on Thursday.
Number of shares under this issue is 4,008 units with a nominal value of each is 1,000 manat. Underwriter of issue is Ltd. Texnika Capital Management.
At present, the bank's authorized capital is 64.755 million manat.
Shares of Texnikabank from the end of 2009 are listed on the first level of the BSE.
Texnika Bank has been operating in the banking market of the country from 1993, until 2007 it was a 100 percent Azerbaijani bank. Today, the majority shareholder is the World Wines company, which owns 75 percent of the shares. Chairman of the Supervisory Board, Etibar Aliyev, controls 15 percent of the shares, the U.S. company Kazimir Investment Caspian Fund - 10 percent of the shares.