Azerbaijan’s AGBank increases authorized capital


February 27, Fineko/ Azerbaijani commercial bank AGBank has started subscription for the issue of new shares from 26 February.

The Bank informs that the subscription process, which can involve both local residents and foreign investors, is due to finish on 26 May 2018.

"On 14 February, the Financial Markets Supervision Chamber of Azerbaijan registered AGBank's share issue prospectus for AZN 7 million with nominal value of 2 manats each. Totally 3.5 million shares were registered," the Bank said.

AGBank has been operating since 1992 and its authorized capital amounts to AZN 102.2 million.



Keywords: AGBank