12:31 - 5.08.2019

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August 5, Fineko/abc.az. Muganbank has made a decision to increase the authorized capital up to AZN 100 million.

The Bank reports that its shareholders’ general meeting of shareholders was held on 23 July 2019 with the purpose to strengthen the capital positions of Muganbank.

The meeting participants decided to increase Bank’s authorized capital by AZN 5 million by issuing new shares.

In this regard, a relevant appeal was made to the Financial Market Supervision Authority in connection with the state registration of 25,000 ordinary, uncertificated registered shares with nominal value of 200 manats each for the state registration of the issue.

After their placement, the authorized capital of Muganbank will grow from AZN 95 million up to AZN 100 million.