Baku, Azerbaijan, Oct.20
By Azad Hasanli - Trend:
The State Securities Committee has registered the issue prospectus of ordinary registered shares of Dekabank, which envisages a 2.2 times increase in the par value, the committee's report said published on its website Oct.20.
The issue of shares will be conducted through conversion of 47,970 shares at 1,100 AZN into the same amount of shares with the nominal value of 500 AZN.
This will result in the company's authorised capital being increased from 23.985 million AZN to 52.767 million AZN.
As of September 1 2014, total capital of the bank amounted to 17.377 million AZN, and assets - 53.493 million AZN.
According to the decision of the Central Bank of Azerbaijan, the minimum requirement for the total capital of banks is 50 million AZN as of January 1, 2014.
DekaBank was established in 1989. Its branch network includes six branches in Baku and districts.
The official exchange rate on October 20 is 0.7843 AZN / USD.