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Azerbaijan's Kapital Bank plans to issue shares

Finance Materials 15 December 2022 12:48 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, December 15. Azerbaijan's Kapital Bank JSC plans the placement of shares, Trend reports citing the Central Bank of Azerbaijan (CBA).

Following the decision of the bank's shareholders, a total of 1.614 million newly registered uncertificated shares will be issued. The nominal value of each share is 12.39 manat ($7.2), which in total amounts to 19 million manat ($11.1).

The authorized capital of Kapital Bank as of October 1 is 245.85 million manat ($144.6 million).

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