IBA capital stock to top $430m
The International Bank of Azerbaijan, the country’s leading bank, has decided at a general shareholder meeting to increase its capital stock by 100 million manats (around $128 million) through an issue of shares, bringing it to 340 million manats ($436 million), the IBA said.
Placement of shares will commence after registering the issue of shares at Azerbaijan’s State Committee on Securities and publishing information on emission prospectus on the website of Baku Stock Exchange.
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