State bank wants to draw AZN 87 million of capital from small investors

The state-owned "International Bank of Azerbaijan" (IBA) has announced that new shares worth AZN 87 million will be auctioned by mass offering method. IBA board chairman Abbas Ibrahimov said that the purpose of the offering is for more citizens of the country to have a stake in the bank in order to take advantage of alternative investment opportunities. "After the completion of the placement of 322 million shares with a...

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