OREANDA-NEWS. April 30, 2010.  Expressbank, founded on the basis of Azerneqliyyatbank in the process of latter’s re-branding, has raised its equity capital in a way of converting nominal value of shares.

The State Statistics Committee informs that charter capital was increased by 4% in a way of converting with rise of par value of share.

As a result, it was registered 125,001 shares with cost of 208 manats each, converted from issue of 125,001 shares with par value of 200 manats. As a result, Expressbank’s equity capital grew up to 26 million manats.