OREANDA-NEWS. April 15, 2010. The Azerbaijan Credit Bank (ACB) (Azerbaycan Kredit Bank)  raised the size of charter capital 1.12-fold.

The Azerbaijan State Securities Committee (ASSC) informed that the capital was increased by means of  conversion with increase of face value of shares.

As a result, the Bank’s issue of shares was registered with series  AZ100200588 (51,024 shares with face value of AZN 224 each), converted form the issue AZ100100588 (51,024 shares with face value of AZN 200 each). As a result, the Bank’s charter capital grew from AZN 10.2 million to AZN 11.429 million.