OREANDA-NEWS. October 29, 2009. Extraordinary General Meeting of the Shareholders of the International Bank of Azerbaijan Open Type Joint Stock Company was held, reported the press-centre of IBA.

At the Meeting held under chairmanship of Mr.S.Sharifov, the Minister of Finance of the Azerbaijan Republic, decisions were made on the membership of the Bank’s Supervisory Board and the Audit Committee and Bank’s profit in the 3rd Quarter of 2009.

By the Resolution of the General Meeting, 40,000,000 (forty million) Manats of the profit received in the 3rd Quarter was directed to the Authorized Capital by means of increasing the par value of the Company shares.

The issue concerning the payment of dividends will additionally be considered based on the results of the year.