Uzbek bank’s dividends to increase by 3.7 times as of 2012
Uzbekistan, Tashkent, June 12 / Trend, D. Azizov /
Asaka State Joint-Stock Bank, the Uzbek second largest commercial bank, will pay dividends for 2012 to the amount of 1.605.97 soums per share with a nominal value of 57,500 soums, a source in the leadership of the bank told Trend today with reference to the decision of the annual general meeting of Asaka bank's shareholders.
It was previously reported that as of 2011, the bank paid dividends worth 439.4 soums per each share with face value of 52,600 soums.
In general, the dividends as of 2012 will be paid per each of 6,867 million securities of the bank. The total amount of funds allocated for the payment of dividends will hit about 11 billion soums.
The source did not specify the amount of net profit obtained last year, as well as how it will be distributed.
The bank's authorized capital has been formed to the sum of 394.88 billion Soums and divided into 6.867 million shares with a nominal of 57,500 Soums.
At present, the bank's shareholders are the Finance Ministry - 60.97 per cent of shares, Uzavtoprom - 14.58 per cent, the Uzbek Reconstruction and Development Fund - 14.56 per cent, UzGAZOil - 5.06 per cent, Almalyk Mining and Metallurgical Combine - 2.53 per cent, Uzbekistan Railways - 1.27 per cent, Uzagrosugurta state joint stock insurance company - 0.5 per cent, Uzbektelecom - 0.28 per cent, UzbekInvest national export-import insurance company and Khalq Sug'urta insurance company - 0.13 per cent.
Asaka Bank was established in 1996. It is mainly involved in lending to the automotive industry.
The bank has many regional subsidiaries, 107 mini-banks, 892 savings and 84 special cash desks receiving utility bills. Corresponding relations were established with more than 170 CIS banks and foreign countries.
In 2012, Asaka State Joint-Stock Commercial Bank increased its assets calculated in accordance with National Accounting Standards, by 21.7 per cent compared to the corresponding figure in 2011, up to 4.3 trillion soums, credit investments by 16.5 per cent (to 1.85 trillion soums) and equity by 20 per cent (up to 586.5 billion soums).
The official exchange rate is 2.088.09 soums/$1 on June 12.