Uzbek bank decides to pay dividends for 2010

Business Materials 17 May 2011 13:45 (UTC +04:00)

Uzbekistan, Tashkent, May 16 / Trend D. Azizov /

The annual general meeting of shareholders of the Uzbek Industrial and Construction Bank Uzpromstroybank decided to pay dividends for 2010 last week.

The bank ranks third on the biggest financial indices in the banking system in the country.

The dividends will be paid at a rate of 66.83 soums for each ordinary and 495 soums per preferred shares par value worth 2.475.000 soums. It will amount to 2.7 percent and 20 percent per annum, respectively, the bank's leadership told Trend.

As of 2009, the bank paid dividends worth 2.5 percent per annum (59 soums) for each ordinary and 20 percent (472 soums) - for each preferred share. The face value of each bank's shares at that time was 2,360 soums.

According to the balance sheet approved by shareholders, net profit increased by 2,1 times - up to 12.693.000 soums as of 2010.

The authorized capital of the bank was formed to the amount of 131.175 billion soums. It consists of 53.395 million shares with nominal value of 2,475 soums, including 51.395 million ordinary and 2 million preferred shares.

The shares are owned by 35,062 of shareholders, including 31,500 physical entities and 3,562 legal entities. The largest shareholders are the Uzbek Ministry of Finance (35 percent in the fixed capital) and the Fund for Reconstruction and Development (26 percent).

Uzpromstroybank is the oldest bank in Uzbekistan. It was established in 1922. It was re-registered in 1991. The main activity is lending to strategic spheres of industry. The structure of the bank has 45 branches, 176 savings banks, 65 mini-banks, located in all regions of the country, the office in Moscow.