Uzbekistan, Tashkent, Feb.23 /Trend D.Azizov/
Open joint-stock commercial Aloqabank of Uzbekistan has increased its authorized capital by 20 percent as a result of placement of additional shares worth 10 billion soum - up to 60 billion soum, the management of securities of the bank told Trend on Thursday.
The emission was issued in July 2011, its placement was completed on February 16, 2012. The bank placed 100 million securities, including 98 million of common and 2 million preferred shares with nominal value of 100 soum each.
The bank's authorized capital consists of 600 million shares, including 588.6 million of common and 11.4 million of preferred shares with nominal value of 100 soum each at the moment.
Shares of the credit institution are divided among more than three thousand shareholders. The largest shareholders are fund of information and communication technologies (ICT) and the Center for Electromagnetic Compatibility (TSEMS) which are the part of the structure of the Uzbek Agency for Communication and Information (UzACI), JSC Uzbekistan pochtasi JSC Uzbektelecom, with about 20 percent of share each organization, and Tashkent University of information Technology - 14 percent.
Aloqabank, referring to the number of medium-sized banks in Uzbekistan, was founded in 1995 by order of the Cabinet of the ministers. The main activity of the bank is lending to enterprises and telecommunications complex. Its founders are companies and organizations of the Uzbek Agency for Communication and Information (UzACI).
There are 12 branches in all regions of the country, 27 mini-banks, 38 savings banks, 35 exchange points, 18 points of the international money transfer in the structure of the bank.
The bank increased its assets, by 42 percent according to national accounting standards (NAS) up to 488 billion soum in 2011 compared to 2010. Equity capital of the Bank increased by 23 percent, to 79.7 billion soum, net profit increased by 46 percent, to 10.2 billion soum in 2011.
Official exchange rate on Feb.23 is 1824.38 soum / $1