TuranBank increases share capital by 10 %
As reported in the bank, after the registration of the shares of the prospectus will be available at the Baku Stock Exchange.
At present, the total capital of the bank is 45.9 million manat , respectively, after placement of the issue , he will be 50 million manat.
Increase in the authorized capital of the bank aims to meet the requirement of the Central Bank of Azerbaijan dated July 25, 2012 about bringing the minimum total capital of existing banks to 50 million manat to the first of January 2014. After the share issue the total capital of the bank will comply with the request of the Central Bank, they noted in the bank .
Turanbank has had effect on the banking market since the year 1992 . Its shareholders are 21 individuals and 5 legal entities. - 15B -
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