Kapital Bank increases authorized capital by 22%

Baku. 23 January. REPORT.AZ/ The next general meeting of Kapital Bank OJSC shareholders will be held on March 14, at 11:00.

Report informs referring to the Bank, the meeting will take place at the following address: Izmir Street, 23/25 (Izmir Plaza business center).

The agenda of the meeting includes changing the composition of Kapital Bank’s Supervisory Board, approval of financial reports on outcomes of 2017, payment of dividends to shareholders, issuance of 15% noncumulative preferred shares worth 40 million AZN for an indefinite period and other issues.

Kapital Bank was established in 2004 on the basis of BUS Bank (United Universal Shareholder’s Bank). Authorized capital of the Bank owned by Pasha Holding LLC equals 185.85 million AZN. 99.87% of its shares owned by Pasha Holding, about 0.13% shares by 184 physical persons.