OREANDA-NEWS. October 16, 2009. Xalq Bank OJSC intends to double joint stock capital until 2011.

XB Strategy Plan 2009-11 says that Banks’ joint-stock capital totals AZN 53.55 million currently.

“Under our plans, already this year our capital will grow up to AZN 70 million. In the prospect by 2010 it will reach AZN 95 million and in 2011 will double up to AZN 110 million,” the Plan says.

Bank’s capital was increased 5-fold in January 2008 from AZN 10 million up to current AZN 53.55 million. As of 1st September, XB overall capital totaled AZN 65.8 million.