ABMF shareholders discuss increase of statutory capital in 2006

Business Materials 22 December 2005 19:33 (UTC +04:00)

“The shareholders of the Azerbaijan Bank of Micro-Financing (ABMF) consider increase of the statutory capital,” Tomas Engelhard, the chairman of the Board, told Trend. According to Engelhard, the decision is expected to be made in the summer 2006.

At present the statutory capital of the bank comprises $6,850m.

KFW has 24.96% of share , LfC вЂ" 5.7%, the Black Sea Bank of Trade and Development -r 25.55%, the International Finance Corporation вЂ" 25.55%, EBRD вЂ" 19.24%.