Shares of Credo Bank for a total amount of 500,000 manats were posted on the BSE on Monday.
Emission of 3 thousand ordinary documentary registered shares with par value of AZN 10 passed state registration in October 2012. According to the exchange, all shares were sold in three transactions (three of the investor). Underwriting services were provided by Chelsea Capital Ltd. As of today there has been placed 82% (24.6 million manat) of the announced issue. According to the legislation, an issue is held in the case of placing a half of it.
Paid-in share capital of the bank, thus, reached 45.44 million manat. Credo Bank shareholders are 11 individuals and two entities. - 15B -
Economics
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