BAKU, Azerbaijan, Jan. 18
By Fakhri Vakilov-Trend:
Uzbek Private Joint-Stock Commercial Bank Hi-Tech Bank intends to attract up to 15 million euros from British Trust Finance LTD company at 4.5 percent per annum as an investment, Trend reports citing Uzbek media.
This issue was discussed at the extraordinary general meeting of shareholders of the Hi-Tech Bank. Furthermore, at the meeting, the quantitative composition of the Bank’s board was increased from 5 to 7 people.
In addition, according to the decision of the shareholders, the funds previously allocated to the soft loan fund in the amount of $16,900 were returned to the retained earnings account.
The private closed joint-stock commercial Hi-Tech Bank was established in 2010. In March 2015, on the basis of amendments to the Law of Uzbekistan “On Joint-Stock Companies and Protection of Shareholders' Rights”, the Bank passed re-registration and was renamed to Private Joint-Stock Commercial Bank.
The bank is a member of the Association of Banks of Uzbekistan, the Chamber of Commerce and Industry of Uzbekistan and a member of the Fund for guaranteeing deposits of citizens in banks.
The main activities of the Bank are commercial and retail banking operations in Uzbekistan. They include operations with securities, raising funds on deposits and providing commercial loans and guarantees in Uzbek soums.
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