JSC NBC Bank plans to increase its share capital by 27.4% - up to 46,536,100 manats at the expense of additional issue. This will go right next to the standard of the Central Bank - from 1 January 2015 the equity capital of private banks should not be less than 50 million AZN.
According to BSE, the bank plans to issue 41,051 shares with a par value of AZN 243.6 – totaling 10 million. manat.
Underwriter of the securities is LLC Tekhnika Capital Management.
NBC Bank with an authorized capital of 36,536,100 manat was established as Ruzu Bank in December 1992. The current name is from January 2003. --17D-
Economics
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