Shareholders of International Bank of Azerbaijan massively sell shares

Baku. 1 July. REPORT.AZ/ In June this year, 10 transactions have been signed at the Baku Stock Exchange (BSE) on purchase of shares of 'International Bank of Azerbaijan' OJSC (IBA).

Report informs, as a result of these transactions, 116 452 shares have been sold. Purchaser and seller are unknown.

Notably, the IBAR authorized capital is 641 287 250 AZN. This amount based on nearly 2 275 138 000 shares, which per face value is 0,27 AZN.

54,96% of the bank's shares belongs to the Ministry of Finance, which acts on behalf of Azerbaijani government, 8,49% to non-state enterprises, 36,55% physical persons. Market value of the shares stated to be around 0,07 AZN.