Uzbekistan, Tashkent, June 8 / Trend D.Azizov /
The general annual meeting of shareholders of the Uzbek Industry and Construction Bank (Uzpromstroybank), one of the largest commercial banks of Uzbekistan, decided to pay dividends for 2009 in amount of 59 soum for every simple share and 472 soum per preferred share par value of 2,360 suoms, amounting to 2.5 percent and 20 percent respectively, the bank reported.
The bank did not report about the distribution of total net profits earned by the bank last year.
In 2008, the bank paid a dividend amounting to three percent per annum for each simple share and 25 percent - per preferred. The nominal value of bank's each shares at that time was 2,000 soum.
Uzpromstroybank is the oldest bank in Uzbekistan was created in 1922 and re-registered in 1991. The main activity is crediting of enterprises of the industry's strategic branches. The bank has 45 branches, 176 savings banks, 65 mini-banks located in all regions of the republic and a representative office in Moscow.
The bank's shares are owned by 35,062 shareholders, including 31,500 physical persons and 3,562 legal entities. The biggest shareholders are the Uzbek Finance Ministry (35 percent equity) and the Reconstruction and Development Fund (26 percent).
As previously reported, the bank increased assets calculated on National Accounting Standards (NAS) by 11.8 percent up to 1,588 trillion soums in 2009 compared to 2008, loan portfolio - by 19.1 percent - to 1.256 trillion soums , volume of liabilities - by 11,8 percent to 1.416 trillion sum and net profit declined by half - to 10.2 billion soums.
Uzpromstroybank's own capital increased by 13.6 percent in 2009 and amounted to 172.5 billion soums Jan.1, 2010. The share capital amounted to 110 billion soums (increased by 3 times). The growth of the share capital was secured by placement of 65.4 billion soums and the increase in value of shares from 2,000 to 2,200 soums by directing part of the profit for the year 2008.
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