The shares of "Bank of Azerbaijan" for a total of 4.7 million manat posted on Friday on BSE.
Emission of 825 thousand ordinary registered non-documentary shares of 20 manats passed state registration in August 2012. Underwriting services were rendered by Respublika Invest LLC.
According to the exchange, all shares were sold in two transactions (the two investors). At present, there has been placed 100% of the announced issue.
The paid-in share capital of the bank, thus, reached 50 million manat. Existing shareholders in 1993 "Bank of Azerbaijan" are 3 individuals and one entity, including Kanan and Sanan Mammadov (at 43.635% of equity), Mubariz Mammadov (12.06%) and NEM Holding (0, 67%).
The minimum requirement for total capital of banks with July 2007 is 10 million manat. According to the CBA's decision last year to 1 January 2014 this figure will reach 50 million manat. - 15B -
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