Azerbaijan’s Rabitabank has increased authorized capital by 12.8 million mantas, to 101.3 million manats, the bank said in a message.
The bank’s authorized capital was increased at the expense of existing shareholders. The aggregate capital of the bank reached 104.6 million manats.
The main goal of increasing the bank’s capital is to strengthen stability of the bank and ensure its participation in strategic projects.
Rabitabank has been operating in Azerbaijan since 1993. (Trend/Business World Magazine)
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