Xalq Bank increased its authorized share capital.

Xalq Bank Increases Authorized Share Capital to AZN 477.1 Million

JSC Xalq Bank has increased its authorized share capital by AZN 30,494,520, bringing the total to AZN 477,094,000. The increase was achieved through a rise in the nominal value of the Bank's existing shares.

The capital increase will support the Bank's sustainable development and long-term growth while expanding its financing capacity to help achieve the objectives set out in its Development Strategy.

Founded in 2004, Xalq Bank is one of Azerbaijan's trusted financial institutions. According to its latest quarterly financial results, the Bank's total assets amounted to AZN 2.832 billion. As of the reporting date, its loan portfolio stood at AZN 1.843 billion, customer deposits totaled AZN 1.921 billion, and net profit reached AZN 13.5 million.