OREANDA-NEWS. October 27, 2009. The shareholders of the International Bank of Azerbaijan (country’s biggest bank) have conducted a general meeting.

The Bank reports that at the session presided by finance minister Samir Sharifov the participants made a decision to increased charter capital by 40 million manats. The dividend payment issue was postponed for period of consideration of year’s results.

The shareholders also endorsed the reports of the Supervisory Board and Audit Committee for Jan-Sept 2009.

Bank’s current charter capital was paid for AZN 200 million and the new increase makes 20% of its current level.