Today.Az » Business » TuranBank increases authorized capital by 2 million manat
07 March 2011 [14:37] - Today.Az
"TuranBank" applied to the Baku Stock Exchange (BSE) for inclusion of its ordinary registered book-entry shares to the non-quotation list of BSE. The start of the TuranBank's shares placement is planned to be held beginning from March 09, 2011.
The quantity of shares hits 2,000 units with par value 1,000 manat each. Underwriter of the placement is Chelsea Capital.
The bank’s authorized capital in the process of recapitalization in 2010 hit 18.5 million manat. The bank has 25 shareholders, five of which are legal entities (21.8%) and 20 physical entities (78.2%).
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