Shares of Credo Bank for a total amount of 500 000 manats were posted on Tuesday, at the Baku Stock Exchange.
Emission of three thousand ordinary shares of par value of 10 thousand manats passed state registration in October 2012. According to the Exchange, all the shares were sold in a single transaction (one investor). Underwriting services were provided by Chelsea Capital. Today there has been posted 22.7% (6.8 million manat) of the announced issue. According to the legislation, an issue is held in case of placing half of it.
Paid-up share capital of the bank, thus, reached 27.34 million manat. CredoBank shareholders are 11 individuals and two entities. - 15B -
Economics
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