Authorized Capital of Rabitabank Exceeded 51 Million Manat
Commercial Bank of Rabitabank increased its registered capital to the level of 51.4 million manat.
As reported in the bank, this is the third in the share capital increase Rabitabank in 2013 to the year. Thus, Rabitabank fully complied with the requirements of the Central Bank in relation to the minimum authorized capital of banks.
The decision to increase the authorized capital of the Bank approved at a general meeting of shareholders in 2012. In 2013, they successfully made the issue of shares and the successful placement of ordinary registered shares.
Created in 1993 Rabitabank this year marks its 20th anniversary. On August 20, 2013 the Bank's assets amounted to 254 million manat, credit portfolio - 138 million manat. Currently, the bank serves individuals and legal entities through 20 branches, 2 offices and one representative office in 14 regions of the country and the city Baku.-15D--
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