IBA will send dividends exceeding 8.6 million manats
According to the decision of the general shareholders' meeting of the International Bank of Azerbaijan AZN 13,694,766 of retained earnings at the end of 2011 8,694,766 manats will be allocated to the payment of dividends in the last year, the rest will remain as retained earnings and after conclusion of the current issue will be directed to increase the authorized capital.
As reported in the bank, the shareholders also approved the action recommended by the Audit Committee and approved by Deloitte & Touche Financial statements for the year 2011.
Recall that, in the past three years (2009, 2010, 2011), the total amount of income of the bank amounted to 1.2 bn, net profit - 200.958 mln. - 15D -
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