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Azerbaijani bank makes changes in its authorized capital

Finance Materials 7 December 2022 13:34 (UTC +04:00)
Azerbaijani bank makes changes in its authorized capital
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 7. "Xalq Emlak" LLC has announced the increase of its authorized capital to 40 million manat ($23.5 million), Trend reports via ‘Vergilar’ online newspaper of the State Tax Service under the Ministry of Economy.

Previously, the reduction of its authorized capital by 43.5 percent (17.4 million manat - $10.2 million), to 22.6 million manat ($13.2 million) was announced.

The "Xalq Emlak" LLC was established by the "Xalq Bank" JSC in August 2021.

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