Azerbaijan, Baku, July 26/ Trend, I. Khalilova/
Beginning on July 26, the placement of the new issue of ordinary registered book-entry shares of "Bank Technique", registered at 15.245 million manat, will be launched in Baku Stock Exchange (BSE), the stock exchange reported on Thursday.
"The bank applied to the stock exchange for including its shares in non-quotation list of BSE" the report said.
Around 15,245 shares were released within the emission, at the par value of 1,000 manat.
The underwriter of placement of securities is "Texnika Kapital Menecment" LLC. .
Currently, the authorized capital of Bank technique amounts to 64.755 million manat and after placement of the issue it will increase to 80 million manat. The minimal requirement of Azerbaijan's Central Bank for the aggregate capital for January 1, 2014, amounts to 50 million manat. The adequacy coefficient of the capital amounts to 12 percent.
The assets of "Bank technique" amount to 418.740 million manat and the aggregate capital - 42.128 million manat.
"Bank Technique" was established in 1994, under the name "Rəşadbank" and in 1998 was renamed "Texnika Bank". As a result of successful re-branding the bank entered the banking services market as "Bank Technique", creating an innovative bank image.
To date, around 32 branches and 6 offices of "Bank Technique" operate in the country.
The official exchange rate for July 26 is 0.7843 AZN/USD.