Azerbaijani bank’s shares included in quotation list of first level

Azerbaijani Demir Bank's shares are included in the quotation list of the first level at the Baku Stock Exchange (BSE), BSE said on Monday.

According to the report, the bank increases its authorized capital by one million manat. Issue prospectus of the bank's ordinary book-entry registered shares in the amount of 5 million shares at par value of 0.2 manat each were included in the quotation list of the first level.

As of early September, DemirBank's authorized capital totaled 20 million manat, and total capital - 48.5 million manat.

DemirBank (formerly Azerdemiryolbank) started its work in 1989. Its shareholders include major international financial institutions such as the European Bank for Reconstruction and Development and the Netherlands Development Finance Company (FMO).


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