Uzbekistan, Tashkent, July 31 /Trend D.Azizov/
Uzbek private Joint-Stock Commercial Bank Invest Finance Bank (InFinBank) will tripled the authorized capital - up to 60 billion soum, the bank told Trend.
It is stated in the information that currently the bank issued an additional share issue worth 40 billion soum.
It is planned to place 40 million shares of common stock par value of one thousand soum each on public offering.
Currently, the authorized capital of InFinBank amounted to 20 billion soum, it is divided into 20 million ordinary shares of one thousand soum each.
Established in early 2008 with a registered capital of 3.12 billion soum, InFinBank is in the top 20 banking systems of Uzbekistan, represented by 30 banks.
InfinBank is acting as a universal credit organization providing a wide range of services to big corporate clients and representatives of small and medium businesses, as well as physical entities.
In 2011, the bank's assets, calculated according to International Financial Reporting Standards (IFRS) increased by 2.2 times, compared to 2010 - up to 186.7 billion soum, credit portfolio - by 2.1 times, up to 62.707 billion soum and liabilities - by 85.9 percent - up to 170.089 billion soum, including the volume of deposits has doubled - up to 99.037 billion soum.
As a result of 2011, Invest Finance Bank received a net profit of 6.719 billion soum compared to 5.011 billion soum in the previous year (an increase of 43.1 percent).