Uzbekistan, Tashkent, July 23 / Trend, D. Azizov/
Uzbek open joint-stock commercial bank "Alokabank" will increase its authorized capital by 12.5 percent - up to 90 billion soums by late 2013, a bank representative told Trend on Monday.
According to the source, at present, the bank registered an additional issue of shares worth 10 billion soums - 98 million common and 2 million preferred securities with a nominal value of 100 soums each.
The securities will be placed by public sale, of which at least 25 percent - through the Republican Stock Exchange "Tashkent".
The authorized capital of the bank is formed at a rate of 80 billion soums and consists of 784 million common and 16 million preferred shares with a nominal of 100 soums each.
The bank's stocks are shared among 3,000 shareholders. The bank's biggest shareholders are the Information and Communications Technologies Development Centre and Electromagnetic Compatibility Centre which are part of the UTIA and hold 19.99 per cent each, as well as the Tashkent Information Technologies University (14.71 per cent).
Alokabank, a medium-size bank, was established according to a Cabinet of Ministers' resolution in 1995. The bank specializes in issuing credit to telecommunications enterprises.
The bank's founders are the enterprises and organisations of the State Committee for Communication, Information and Telecommunication Technologies.
The bank has 12 office branches in the country, 27 mini-banks, 38 savings branches, 35 currency exchange points and 18 international money transfer points.
The bank's assets, calculated according to the national accounting standards increased by 29 percent up to 629 billion soums in 2012 compared to 2011, the equity increased by 32 percent - up to 105.3 billion soums. In 2012, "Alokabank" earned a net profit worth 14.7 billion soums compared to 10.2 billion soums in the previous year (growth - of 44 percent).
The official exchange rate is 2.101.48 soums/dollar on July 23.