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EBRD increases its stake in Azerbaijani bank

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Baku, Azerbaijan, July 12

Trend:

Changes have taken place in the list of shareholders of Azerbaijan’s Unibank, the bank said in a message July 12.

The European Bank for Reconstruction and Development (EBRD), a shareholder of Unibank OJSC, has bought out all the bank’s simple registered uncertificated shares, granting the right of vote, from the German Investment and Development Corporation (DEG), Unibank’s other shareholder.

In accordance with the above mentioned deal concluded May 17, 2018 by Unicapital Investment Company OJSC, the National Depository Center of Azerbaijan on July 3, 2018 registered the transfer of ownership rights to these shares, and as a result, the EBRD increased its share in the Unibank’s capital from 18.48 percent to 44.47 percent and presently owns 20,551,010 shares of the bank.

Unibank has been operating in Azerbaijan since 2002.

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