JSC AFB Bank intends to continue to own financial and credit activities in Azerbaijan. This is evidenced by its intention to increase its share capital by 10,680,000 manat.
As they say in today's Baku Stock Exchange (BSE), with the increase in the financial stability of this bank its authorized capital will be increased to 53,020,000 manat, which exceeds the requirement (50 million AZN) of the Central Bank introduced from 1 January 2015.
Today, the State Securities Committee (SSC) of Azerbaijan has registered the prospectus of issue of 8 445 uncertified registered shares with a nominal value of 1,265 manat each. The underwriter is LLC Tekhnika Capital Management.
By July 1, AFB Bank assets amounted to 233,760,000 manat, the share capital was 42,340,000 manat, and the total capital was 53,270,000 manat.
AFB Bank has operated under license for banking activities since December 2008. The main shareholder is the LLC Gilan (99,2%) and two individuals (0.8% in all). --17D-
Economics
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