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Uzbekistan’s Asia Alliance Bank pays interim dividends to shareholders

Uzbekistan Materials 7 January 2018 12:51 (UTC +04:00)
Asia Alliance Bank paid dividends worth 50.33 soums per common share or 20.1 percent of its face value to the shareholders in January-June 2017

Tashkent, Uzbekistan, Jan. 7

By Mammad Dashdemirov – Trend:

Asia Alliance Bank paid dividends worth 50.33 soums per common share or 20.1 percent of its face value to the shareholders in January-June 2017, the bank’s treasury department told Trend.

In total, almost 25 billion soums ($ 1 – 8,136.67 soums) were directed for the payment of dividends upon the decision made at the extraordinary meeting of the bank’s shareholders, which amounted to 88.6 percent of the bank's net profit received in January-June 2016.

By the end of 2016, dividends were paid at the rate of 23.91 percent of the nominal value of one share. The dividends were not paid in 2015. The dividends reached 52.84 percent in 2014, 63.82 percent in 2013 and 60.44 percent in 2012.

Asia Alliance Bank was established in August 2009. According to the Uzbek legislation, it is a private bank. Its authorized capital was formed in the amount of 140 billion soums through the placement of 560 million common shares with a nominal value of 250,000 soums.

The biggest shareholder of the bank is the UK transport company Gor Investment Limited, which owns a package of shares in the amount of 22.17 percent of the authorized capital, followed by four individuals having a package of shares in the amount of 42.79 percent (13.59 percent, 10.1 percent, 10.1 percent, 9 percent) and minority shareholders.

The bank’s assets increased by 37.9 percent up to 1.563 trillion soums in January-September 2017, including the loan portfolio - by 26.3 percent up to 875.9 billion soums, equity - by 20.3 percent up to 242.9 billion soums. Net profit increased by 1.7 times and amounted to 51.7 billion soums in January-September 2017 compared to the same period of 2016.

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