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Thursday, 06 July 2017 11:00

Rabitabank increases capital

Rabitabank increases capital

The transaction on purchase and sale of Rabitabank OJSC’s shares has been concluded at the Baku Stock Exchange.

According to the terms of the deal, 414,367 shares with face value of 20.29 manats each shall be sold on the secondary market (in total worth 8.4 million manats), Caspian Energy News (www.caspianenergy.net) reports with reference to marja.az.

Rabitabank has recently increased its capital by 40 million manats to 88.5 million manats, which sparked interest in the bank's shares. In this regard, the shareholders decided to sell a part of the shares (about 9.5%) to an outside investor.

More details: http://marja.az/news/9671?title=rabitebank-a-yeni-sehmdar-gelib  

Person in charge of the newsline: Fidan Isayeva 

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