Azerbaijan, Baku, April 29 / Trend /
The Azerbaijani State Committee for Securities registered the issue prospectus of ordinary registered shares of Amrahbank totaling over 1.74 million manat, the Baku Stock Exchange (BSE) said.
About 17,404 shares at par value of each of 100 manat were issued. Underwriter is Ltd. "Chelsea Capital".
According to the issue prospectus, placement will be conducted by public subscription at the BSE.
Individuals wishing to purchase shares, may apply to the organization.
The International Investment Bank based in Bahrain own 49 percent of shares.
At of late 2009, total assets of the bank exceeded 100 million manat.
Today, Amrahbank is one of the first and leading commercial banks in Azerbaijan. The Bank holds a leading position among domestic banks, the number of branches (23 branches). The authorized capital stock more than 12 million manat.
On April 29, the official exchange rate is 0.8035 manat to $1.