Azerbaijan, Baku, Nov 29 /Trend A.Akhundov/
The State Committee for Securities (SCS) has registered the issue prospectus of registered undocumented ordinary shares of the Azerbaijani Bank Silk Way equal to an amount of 16.03 million manat, the Committee said on Thursday.
The prospectus includes 116,160 shares at par value of 138 manat.
Thus, the bank's authorized capital will be increased from 54.16 million manat to 70.19 million manat. As it can be seen, the bank continues capitalization, despite the fact that the level of its capital already exceeds the new requirement of the Central Bank of Azerbaijan to the minimum total capital of 50 million manat as of January 1, 2014.
Bank Silk Way - multilateral financial institution. Key activities of the bank are retail, corporate and investment banking services.
Official exchange rate for November 29 is 0.7847 AZN/USD.