OREANDA-NEWS. April 30, 2010. One of the leading credit institutions of Azerbaijan Bank Respublika OJSC has increased its equity capital 22%.

The State Securities Committee says that charter capital was carried out in a way of converting with rise of par value of share.

As a result, it was registered an issue of Bank Respublika’s shares with registration number AZ100200288P (15.29 million with par value of 2.45 manats each), converted from issue AZ100100288 (15.29 million shares with par value of 2 manats).

As a result, Bank Respublika’s charter capital rose from 30.58 million manats up to 37.46 million manats.