TODAY.AZ / Business

Royal Bank of Baku to raise its authorized capital 15%

03 April 2007 [07:46] - TODAY.AZ
OJSC Royal Bank of Baku intends to raise its authorized capital 135 during the first quarter to AZN 10 million.

The International Affairs official Shadi Jam told APA-Economics that the authorized capital will be extended through funding by the present shareholders.

Bank's authorized capital stood at AZN 8.7mln at present. Bank uses Western Union, Migom and Bistraya Pochta systems.

Royal Bank of Baku was established by a U.S. citizen in 1993 as OZ Bank which was renamed in 1997.

URL: http://www.today.az/news/business/38692.html

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