AG Bank raises the capital by 25%
Baku, Fineko/abc.az. In the year of its 20th anniversary AG Bank is conducting 25% rise of equity capital.
Baku Stock Exchange reports that State Securities Committee of Azerbaijan has registered the issue of shares under AZ1001000970 numbre which enabled AG Bank to issue 2.5 million shares with AZN 2 face value each. The placement underwriter is Caspian Financial.
Full placement of the issue for AZN 5 million will raise the banks equity capital from AZN 20 million to AZN 25 million. At present the banks shareholders are 22 legal entities and 51 individuals. AG Bank owns AG Leasing ( equity capital AZN 1 million) and Caspian Financial ( AZN 100.000) companies.
Tags: AG Bank
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