Azer-Turk Bank begins increasing capital
Azerbaijan, Baku, Oct. 23 / Trend /
The Baku Stock Exchange (BSE) has received an application for the inclusion of Azer-Turk bank ordinary registered book-entry shares to the non-quotation list of BSE. The start of the OJSC Azer-Turk Bank shares placement is planned to be held from October 23, 2013, BSE said today.
Issue volume is 1.2 million manat.
Quantity of shares is 1 204 410 par value 1 manat.
Underwriter is Celsi Kapital LLC.
Azer-Turk Bank was established May 25, 1995. Shareholders of AzerTurk Bank are the Agrarcredit non-bank credit organisation owning 46 per cent of the authorised shares, Turkish T.C.Ziraat Bankası (46 per cent), Ziraat Bank Intenational AG (four per cent) and Turanbank (four per cent).
The official exchange rate is 0.7844 AZN/USD on Oct. 23.