AtaBank’s authorized capital reached AZN 70M

AtaBank’s authorized capital reached AZN 70M
# 21 April 2017 09:47 (UTC +04:00)

Caspian Development Bank (CDB Bank) adn AtaBank are member og Synergy Group famil and earlier, AtaBank’s authorized capital increased by AZN 20 million to AZN 70 million, Executive Director of Synergy Group LLC Ismayil Suleymanov said at the press conference.

 

According to him, taking into account the importance of strengthening of banks’ capital position, increase of effectiveness and deepness of the financial intermediation and creation of new banks with high liquidity, CDB Bank decided to merge with AtaBank: “Restructured AtaBank will demonstrate new level of quality, indicators of its financial sustainability will meet the factors set by the legislation”. 

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THE OPERATION IS BEING PERFORMED