Shares of Credo Bank for a total of 500,000 manat were posted on the BSE today.
Issue of 3,000 ordinary documentary registered shares with a nominal 10,000 manats passed state registration in October 2012. According to the exchange, all shares were sold in two transactions (two investors). Underwriting was provided by Ltd. Chelsea Capital. They have placed 93.7 % (28.1 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 48.94 million manat. CredoBank shareholders are 11 individuals and two entities. - 15B -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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