OREANDA-NEWS. February 21, 2012. The International Bank of Azerbaijan's (IBA) shareholders have decided to increase the bank's share capital by 100 million manat, bringing it to 340 million manta, reported the press-centre of IBA.

"The stock floatation will begin after the completion of activities required by law, that is, the registration of the emission by the State Committee on Securities," the bank said in a report.

IBA is a quasi-state bank, and its primary shareholder today is the Azerbaijan government, which owns 50.2 percent of its shares.