Kapital Bank increases its authorized capital


December 2, Fineko/abc.az. Kapital Bank plans to increase the authorized capital by AZN 20 million, or 8.1%, from AZN 245.85 million to AZN 265.85 million.

ABC.AZ reports that 1,614,205 new shares with par value of 12.39 manats each will be issued for capital gains.

The securities will be placed at the Baku Stock Exchange by the mass offering method.

The decision on capital growth was made at the next general meeting of bank’s shareholders, held on 17 November.