OREANDA-NEWS. April 16, 2012. Bank of Baku OJSC increased its charter capital by 2.02 times by increasing the nominal value of shares.

The State Securities Committee of Azerbaijan reports that an issue of BoB shares was registered under number AZ100400536P – 3.4 million shares with par value of AZN 15.55. The shares of issue with number AZ100300536 (3.4 million shares with par value of AZN 7.7) were converted in hem.

As a result, the BoB authorized capital rose from AZN 26.18 million up to AZN 52.87 million.