State-owned 'International Bank of Azerbaijan' (IBA) has announced completion of new shares placement. The Bank planned to place 322 million shares with nominal value of 27 qapiks and to increase its authorized capital by AZN 87.4 million. IBA chairman of the board Abbas Ibragimov said that more than 30, 000 investors submitted about 50, 000 orders for shares worth AZN 56.5 million. This means that the bank's share emission did...

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