Bank BTB increased capital by 21%

Bank BTB increased capital by 21% The bank increased its capital through subordinated debt
Finance
March 30, 2016 15:38
Bank BTB increased capital by 21%

Baku. 30 March. REPORT.AZ/ The general meeting of shareholders of Bank BTB has decided to issue subordinated debt (bonds) in the amount of 8.5 million USD.

Report informs referring to the bank, in this regard, the bank sent an appeal to the State Committee for Securities, which on February 23 has registered an issue of subordinated debentures with a registration No. AZ2001009441. According to the bank's report dated 17 March, the bond placement is completed.

Thus, the aggregate capital of Bank BTB has reached 61,727,190 AZN. This means an increase of 21% in comparison with 31 December 2015.

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