OREANDA-NEWS. October 22, 2010. Azerbaijan’s joint-stock and commercial Rabitabank has announced holding of an extraordinary meeting of the shareholders.

The Bank reports that the meeting will be held in its office (add: 33/35, Uzeir Hajibeyov Street, Baku) at 5 pm on 26 November.

On meeting agenda are issue of equity capital rise, approval of acquisition of equity stakes by the International Finance Corporation (IFC) and he European Bank for Reconstruction & Development (EBRD) in Rabitabank, amendments to Bank’s Charter in this connection and to the Regulation on Rabitabank Supervisory Board.

The IFC and the EBRD acquire jointly a package “25% + 1 share” in the Azerbaijani credit institution.