Azerbaijan, Baku, Nov. 7 / Trend E. Kosolapova/
Kazakh Bank RBK has increased authorized stock capital to 14.5 billion tenge (150.82 tenge - $1) due to placement of common shares worth $5 billion, the bank reported on Wednesday.
"The capital increase will enable the bank to fulfill the business development task set by late this year, and, in particular, financing entities of domestic small and medium enterprises," the bank reported.
The assets of Bank RBK hit 80.9 billion as of Nov.6, 2012 (a 108-percent increase compared to the beginning of the year). The Bank's loan portfolio increased by 262 percent in the reporting period to 56.8 billion tenge. Equity amounted to 15.2 billion tenge.