Conversion of shares will bring the registered capital of Bank Avrasiya to 40 million manat
The authorized capital of JSC BankAvrasiya will reach 40 million manat. In order to increase the level of confrontation to possible financial risks by a third (33.3%), the Board decided to convert the face value of the shares.
According to the report of the State Committee for Securities, the nominal value of each security will increase from 1,500 to 2,000 manat. The authorized capital is divided into 20,000 shares.
JSC BankAvrasiya with the current registered capital of 30 million manat has been operating in Azerbaijan since November 28, 2007 under the license of the Central Bank of Azerbaijan. --17D-
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