25 Jan. 2013

Rabitabank increased its authorized capital for the second time in 2013

Emission of paperless ordinary shares of “Rabitabank” Open Joint-Stock Company was registered by the State Committee for Securities of Azerbaijan Republic on January 23, 2012.
Decision on increase of the authorized capital of the Bank was made in the General Meeting of Shareholders in 2012. Number of shares is 492 854 , par value of ecah equals to AZN 20.29.
Authorized capital of “Rabitabank” OJSC will reach to AZN 45 million from AZN 35 million after placement of shares.
It should be mentioned that Rabitabank has been operating for 20 years. The Bank is represented in 14 regions of the country by wide branch network consisting of 18 branches, 2 departments and 1 representation. Opening some other branches of the Bank is planned in this year.

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