Amrahbank Late Intends to Increase Authorized Capital to Required Level
JSC Amrahbank intends to issue additional shares. The goal is bringing the authorized capital to 44 million 160.9 thousand manat (+ 10.8%).
According to the report of the State Committee for Securities (SCS), the total value of shares is 4 million 316.5 thousand manat, i.e. the emission is divided into 43,165 shares with a par value of each unit of 100 manat.
Currently, the authorized capital of Amrahbank is 39 million 844.4 thousand manat. We recall the decision of the Central Bank of AR on January 1, 2015, saying that every bank, whose net worth is less than 50 million manat, will be revoked the license.
JSC Amrahbank was established in 1993. Its shareholders are International Investment Bank (45.84%) and individuals (54.16%). --17D-
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