Azerbaijan, Baku / Trend corr I. Khalilova / Azerbaijan's single regional bank - Ganja Bank - submitted an audit conclusion on financial and economic activity for 2006 to the European Bank for Reconstruction Azerbaijan's AGN MAK auditing company in accordance with international standards.
After becoming familiar with the audit, the EBRD will make a decision on participation in the capital of the Azerbaijani bank. Admission of the EBRD to the shareholders' membership was initiated by Ganja Bank.
"We are ready to sell 20% of the stocks," Musayev said.
The authorized capital of the bank makes up AZN 10mln, its joint capital comprising AZN 10.065mln. The stock's face value is at AZN 20.
In case the EBRD decides to become a shareholder of Ganja Bank, additional stocks will be issued. Current stockholders have no intentions to leave their shares, the banker noted.
Ganja Bank was established in 1994. It has thirteen shareholders with one of them being a juridical body ( Ganja Airport - 0.1%).