Azerbaijan’s AccessBank plans to increase authorized capital
Baku, Azerbaijan, June 16
By Anvar Mammadov – Trend:
Shareholders of Azerbaijan’s AccessBank plan to increase the bank’s authorized capital for the second time in 2017, Orhan Aytemiz, head of the bank’s Supervisory Board and one of the bank’s shareholders, told Trend June 16.
“We already increased AccessBank’s authorized capital once in early 2017, and now we are working to increase it again,” Aytemiz, who is also director in general industries at the Black Sea Trade and Development Bank, said. “I hope that this will happen in the near future.”
He added that the AccessBank shareholders intend to provide the bank with the necessary support in the future as well.
It was earlier reported that on March 15, 2017, AccessBank shareholders bought 8.2 million new shares worth 34.85 million manats, and the bank’s authorized capital increased to 119.85 million manats.