Azerbaijani DemirBank’s shareholders to reconsider Supervisory and Management Board’s structure

Business Materials 16 May 2013 14:21 (UTC +04:00)

Azerbaijan, Baku, 15 May / Trend A.Akhundov /

Shareholders of DemirBank JSC will reconsider the structure of the Supervisory and Management Board and the bank's audit committee during the annual general meeting to be held on June 29, the bank reported.

The meeting agenda also includes issues with regards to the approval of the bank's annual financial statements for 2012, concluding contracts of importance and division of profits.

In addition, shareholders will consider increasing the authorised capital of ADB Broker LLC, introducing amendments to the company's charter and the state registration in connection with these changes.

The authorised capital of ADB Broker LLC, all shares of which belong to DemirBank JSC, amounts to 170,000 manat.

The official exchange rate on May 15 is 0.7846 AZN / USD.