Uzbekistan's Microcreditbank issues additional shares for $48M(Exclusive)

Business Materials 30 November 2018 15:48 (UTC +04:00)

Baku, Azerbaijan, Nov. 30

By Fikret Dolukhanov – Trend:

Uzbekistan’s joint-stock commercial bank Microcreditbank has registered an additional issue of shares worth 400 billion soums ($48.2 million), the State Committee of Uzbekistan for Assistance to Privatized Enterprises and Development of Competition told Trend on Nov. 30.

The total value of the bank's accounted shares increased by 72 percent to exceed 1.19 trillion soums ($143.89 million).

The Committee said that as of Nov. 30, 2018 the securities of 602 joint stock companies were taken into account at the Central Securities Depository, the total volume of which amounted to 5.620 trillion with a nominal value of 58.102 trillion soums.

The financial sector (banks, stock exchanges, investment funds, leasing and insurance companies) accounted for 3.357 trillion shares with a nominal value of 15.933 trillion soums.

A large majority of corporate bonds in Uzbekistan fell on the share of commercial banks. According to the Committee, the Central Securities Depository accounted for 500,000 corporate bonds totaling 198.06 billion soums, of which 450,000 bonds or 148.06 billion soums were issued by only three commercial banks (O’zsanoatqurilishbank, Kapital Bank and National Bank of Uzbekistan).

Earlier it was reported that at the Nov. 19-23 trade week at Uzbekistan's Toshkent Republican Stock Exchange, 298 purchase and sale transactions were carried out on shares of 26 joint stock companies in the securities market.

As a result, 13.4 million shares worth 13.1 billion soums were sold against 18.1 billion soums last week. One transaction worth $230 million has also been carried out in the corporate bonds market.

Since the beginning of the year, 9,332 security and corporate bond transactions for a total amount of 584.6 billion soums have been concluded at the Toshkent RSE. Some 8.5 billion securities of 115 issuers were used in the trades.

(8299.20 UZS = 1 USD on Nov. 30)


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