Azerbaijan, Baku / Trend corr. I.Khalilova / The number of Azerbaijani banks to receive international rating increase. Texnika Bank is expected to receive international rating from two agencies in the third quarter of November. Texnika Bank held negotiations with the international rating agency of the Fitch Ratings on 9 and 11 October and is planning to meet with experts of the Moody`s Investors on 23 October, Samir Huseynov, the manager of the Bank, said.
Texnika Bank is planning to enter the international capital market. The foreign borrowings of the bank amount to $55mln. The bank is planning to issue Euro bonds and draw shareholders of the biggest strategic investors.
Texnika Bank has been fully the Azerbaijan's bank till 2007. However, the American investment fund of the Kazemir Partner Limited entered into the list of shareholders and has 10% of shares.
The joint capital of Texnika Bank made up AZN 35,897mln to 1 October and authorized capital AZN 20mln. The bank is planning to increase the capital to AZN 60mln by the end of the year. The share of joint stock made up AZN 40mln.
The bank's assets are AZN 289,723mln and credit portfolio -AZN 231mln.