Azerbaijani-Turkish Bank ups authorized capital

The State Securities Committee in Azerbaijan registered the issue prospectus of ordinary registered shares for Az?r-Türk Bank in the amount of 618.8 thousand manat, the Baku Stock Exchange (BSE) said on Friday.

Some 618.8 thousand shares with a nominal value of one manat each were issued under the emission.

Underwriter is Çelsi Kapital.

Thus, the bank's authorized capital will be increased from 11.624 manat to 12.243 million manat.

Azer-Turk Bank was established May 25, 1995, by Turkish bank TC Ziraat Bank A.S. and Azerbaijani Agricultural and Industrial Bank. The bank is a member-co-founder and shareholder of the National Processing Center MilliKart.


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