OREANDA-NEWS. February 28, 2012. Azerbaijan’s private credit institution TuranBank OJSC has increased its charter capital by 8.2% by increasing the nominal value of the shares.

According to the State Securities Committee of Azerbaijan, yesterday it registered an issue of 22,000 TuranBank shares with par value of AZN 1,082 apiece under number AZ100200554P. This issue was converted the shares of the issue with number AZ100100554 – 22,000 shares with par value of AZN 1,000.

As a result, Bank’s equity capital increased from AZN 22 million up to AZN 23.8 million.