Management reshuffle expected at Azerbaijan’s Kapital Bank
Baku, Azerbaijan, Jan. 23
By Azad Hasanli – Trend:
Shareholders of Azerbaijan’s Kapital Bank OJSC will discuss the possible reshuffle at the Supervisory Board at a meeting scheduled for March 14, the bank said in a message Jan. 23.
Meanwhile, the meeting participants will also consider the possibility of issuing preferred non-cumulative shares worth 40 million manats at a rate of 15 percent, approve the financial report for 2017 and payment of dividends to shareholders.
Kapital Bank OJSC, the main shareholder of which is PASHA Holding, has 92 branches.
(1.7001 AZN = $1 on Jan. 22)