Azerbaijan, Baku, May 1 / Trend A.Akhundov /
The State Securities Committee (SSC) registered the issue prospectus of ordinary registered undocumented shares of Azerbaijan's Bank Silk Way to a total amount of 23.54 million manat, the Committee reported on its website.
According to the report, the prospectus includes 170,590 shares at a par value of 138 manat each.
The bank's authorised capital is 70.19 million manat, and after the placement of the new issue it will reach 93.73 million manat.
According to recent data, the bank continues capitalisation, despite the fact its capital has already exceeded the new requirement of the Central Bank of Azerbaijan for a minimum total capital to be 50 million manat since January 1, 2014.
Bank Silk Way is a multi-financial institution. Key activities of the bank are retail, corporate and investment banking services.
The official exchange rate for May 1 is 0.7846 AZN / USD.