BANKS’ AUTHORIZED CAPITAL STOCK ON RISE
As of November 1, the authorized capital stock of the banks has totaled 1173,90 bln manats and it is by 26 percent higher than that of the same period last year, AZERTAG correspondent learnt from the press-service of the National Bank.
AZM 140 bln of the total authorized capital stock belong to the state-run banks while AZM 1033,9 bln – to private banks. The capital stock of the banks with foreign share came to AZM 476,40 billion and it accounts for 40,59 percent of the total authorized stock. Authorized capital stock averaged AZM 27,3 billion per bank by June 1, 2005.
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