BAKU/04.12.13/TURAN : International Bank of Azerbaijan starts on December 12 this year to accommodate 769 230 775 ordinary shares with par value of documentary 0.26 manat - reported BSE .
Issue of shares included in the quotation list Exchange. According to the prospectus , placement will be by mass suggestion . Underwriting Services Ltd. has "International Transaction System".
When full placement of new shares authorized capital of the bank will increase by 54.3 % and reach 568.3 million manat.
Control of the bank with equity participation of 50.2 % of the shares retains the Azerbaijani government represented by the Ministry of Finance. Apart from him who does not have a bank of more than 10 % of the shares . - 15B -
Economics
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