Azerbaijan’s Muganbank increasing authorized capital
Baku, Azerbaijan, Nov. 7
By Azad Hasanli – Trend:
Azerbaijan’s Financial Markets Supervision Chamber has registered additional issuance of Muganbank’s ordinary assets worth eight million Azerbaijani manats (1.6596 AZN/USD on Nov. 7), said the Chamber Nov. 7.
Par value of each of the 40,000 shares is 200 manats.
Earlier, the bank issued assets worth two million manats.
As a result, Muganbank’s authorized capital will reach 65 million manats.
Muganbank OJSC was established in 1992. Forty-four branches and six departments of the bank render services on all types of banking products.
Muganbank also has a representative office in Moscow.