Baku, Fineko/abc.az. The State Committee for Securities of Azerbaijan has registered issue of shares of VTB Bank (Azerbaijan) OJSC.
The Committee reports that on 24 November it registered the issue of ordinary registered book-entry shares of VTB Bank (Azerbaijan) OJSC for AZN 16 million ($19.935 million). Totally 80 million of Bank’s shares wit face value of AZN 0.20 manats per share passed registration.
The placement will be carried out by method of public offer.
Current charter capital of VTB Bank (Azerbaijan) OJSC is AZN 7.815 million ($9.7 million). After placement of the current issue it will grow up to AZN 24 million ($30 million).
VTB Bank entered the Azerbaijani market at the end of 2009. Banking license was issued to VTB Bank (Azerbaijan) by the Central Bank of Azerbaijan on 11 March 2009.
Currently joint stock capital of Bank VTB (Azerbaijan) is shared between Bank VTB (51% of shares), AtaHolding OJSC (48.99%) and an individual (0.01%).
26.11.2009 09:59
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