Azerbaijani bank to review main directions of development in 2013
Azerbaijan, Baku, Mar. 2 / Trend A. Akhundov /
Azerbaijani AGBank will consider increase of the authorized capital at the general meeting of shareholders on April 19, according to the statement published in the official press on Saturday.
According to 2012 results, the bank's authorized capital equals 25 million manat and the aggregate capital - 42.56 million manat. The new regulation pertaining to the minimal amount of aggregate capital of 50 million manat for acting banks will come into force on January 1, 2014.
AGBank shareholders are the International Finance Corporation - 17.5 percent, U.S. investment fund Kazimir Investment LTD - 10 percent, two individuals with the total amount of shares in the 40.69 percent, 69 minority shareholders with a total share in the bank in the amount of 31, 81 percent.
The official exchange rate on Mar.2 is 0.7848 AZN / USD.