OREANDA-NEWS. August 14, 2013. The General Meeting of Shareholders of the Opened Joint-Stock Company "International Bank of Azerbaijan" on 14.06.2013 decided to increase the face value of shares at the expense of retained earnings.

The issue of shares was registered at the State Securities Committee of the Azerbaijan Republic (AZ1003004528) on 29.07.2013.

The issued shares are placed by conversion in 1:1 ratio to 1,416,466,675 shares of the face value being 0.24 manat (state registration number of shares issue and the date of registration - AZ100200458P and 23.11.2004, 28.12.2005, 27.11.2006, 07.08 .2008, 14.05.2012) composing the authorized capital of the issuer.

Face value of the placed shares is 0.26 AZN (point twenty six).

The placement of shares shall be completed no later than thirty days from the date of state registration of the shares issue.

The face value of shares is increased at the expense of the retained earnings of the Bank in 2012, amounting to 28.333.333,50 (twenty eight million three hundred thirty three thousand three hundred thirty three manats fifty gapiks).