On March 11, 2021, a general meeting of shareholders of Muganbank OJSC was held. During the meeting, it was decided to increase the authorized capital of the bank by issuing 25,000 ordinary documentary shares, with a nominal value of 200 manats, for a total amount of 5 million manats.
After the placement, the authorized capital of Muganbank OJSC will grow from AZN 102.5 million to AZN 107.5 million.
“Muganbank” OJSC is one of the well-known financial institutions of the Azerbaijani financial banking sector, which began its activities in 1992. To date, 42 branches and 10 offices of Muganbank OJSC in Azerbaijan and the bank’s representative office in Moscow provide customers with high-quality services in all types of banking products. Muganbank OJSC cooperates with international economic structures. Among them are the United States Agency for International Development (USAID), the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), the USA Investment Fund – World Business Capital (WBC), the Foreign Private Investment Corporation (OPIC), the Islamic Corporation for the Development of the Private Sector (ICD), Green Fund for Growth (GGF) and European Fund for Southeast Europe (EFSE).