Tashkent, Uzbekistan, March 4
By Demir Azizov - Trend:
Uzbek Industrial and Construction Bank (Uzpromstroybank) ranks third in terms of the amount of the main financial indices of the country's banking system. It increased the authorized capital by 4.7 percent - up to 333.641 billion soums, the bank's management told Trend on March 3.
The bank capitalized approximately 50 percent of net profit for 2012 - 15.1 billion soums, by directing it to increase the nominal value of each share from 2,785 soums to 2,917 soums.
A decision of directing some net profit for 2012 for the capitalization was made at the annual shareholders' meeting in spring 2013.
The bank registered an issue of shares for a total amount of 333.641 billion soums in February 2014. Some 114.378 million securities with a nominal of 2,917 soums each, including 112.378 million of ordinary shares and two million preferred shares.
"The shares were placed by closed subscription among shareholders of the bank according to the share holding, by converting old shares into the new ones," the representative of the bank said.
More than 35,000 shareholders, including about 31,500 physical entities and 3,600 legal entities own the bank's shares. The largest shareholders are the Ministry of Finance (32 percent) and the Uzbek Reconstruction and Development Fund (24 percent).
Uzpromstroybank was created in 1922 and re-registered in 1991. The bank has 45 branches, 176 savings banks, 65 mini-banks located in all regions of the country, as well as a representative office in Moscow.
The bank's assets increased by 36 percent - to 6.8 trillion soums in 2013, according to the preliminary data.
The official exchange rate is 2.229.71 soums/$1.
Translated by NH
Edited by CN