OREANDA-NEWS. March 13, 2012. Azerbaijan’s private bank sector keeps on active recapitalization.

OJSC Xalq Bank reports that on 7 March it finished the procedure of equity capital rise up to AZN 140.492 million.

"The decision on equity capital rise was made at general meeting of shareholders, held on 1 December 2011. As a result of the conducted change , Xalq Bank currently occupies third place in the country’s bank ranking on size of equity capital ",- the report says.