The Financial Markets Control House (FMCH) has registered (https://goo.gl/UlqyEg) the results of the placement of shares of JSC Credo Bank.
Turan was told in the bank that of the 3,000 shares issued shareholders bought 2,266 shares, each with par value of 10,000 AZN. The issue was attended by 9 of the 14 existing shareholders. There was another new foreign investor - Veno Investment GmbH, an Austrian legal entity that acquired 3.8% stake in the bank.
Thus, today in circulation there are 7,320 shares of JSC Credo Bank. Accordingly, the bank's authorized capital has amounted to 73.2 million AZN.
However, this is not the last case of the bank's capital increase this year. The shareholders will meet on August 15 at an extraordinary meeting to discuss the share capital.
JSC Credo Bank is the successor of Anar Bank, which was created in 1994. The bank is owned by six members of the Vekilov family. Mushfig Vekilov has 13% stake in the bank. Besides them, the shareholders are two companies from Germany (Buchholz Asset Management GmbH and West Europe Investment GmbH, a number of local companies (Karat A, Demirchi Group, Crown Plaza, Aran Company and Diplomat Plaza). --08B--
Economics
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