Uzbek Ipoteka Bank’s authorized capital up
Tashkent, Uzbekistan, Jan. 4
By Mammad Dashdemirov – Trend:
Uzbekistan’s joint-stock commercial Ipoteka Bank increased its authorized capital by 2.5 times and brought it to 838 billion soums, Aziz Mukhitdinov, head of the bank's securities department told Trend.
Mukhitdinov said the bank’s authorized capital increased through the placement of additional 510 billion shares at a par value of one soum per share.
The bank’s net profit amounted to 77.1 billion soums in 2016, while it was 60.9 billion soums in 2015.
The bank was established in 2005 and today it is one of the five biggest financial and credit institutions of Uzbekistan in terms of assets and capitalization. Its net profit increased more than threefold and reached 217.7 billion soums in January-September 2017.
($1 = 8,136.67 soums on Jan. 4)