Credo Bank Posted Nearly 55% of Announced Issue of Shares

Shares of Credo Bank totaling 1 million manat were posted on Thursday at the Baku Stock Exchange.

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 two transactions (the two investors). The underwriting services were provided by Ltd. Chelsea Capital.

On today placed 54.3% (16.3 million manat) announced issue. According to the legislation issue is held in the case of placing her half.

Paid-in share capital of the bank, thus, reached 37.14 million manat. CredoBank shareholders are 11 individuals and two entities. - 15B -



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