Aloqabank to increase charter capital by 16bn soums

Tashkent, Uzbekistan (UzDaily.com) -- Shareholders of open joint stock commercial Aloqabank (Uzbekistan) adopted decision on increasing charter capital to 50 billion soums by the end of 2010.

The bank is planning to place additional emission of shares for 16 billion soums. In the result, the bank’s charter capital will rise by 47.1%.

Aloqabank is planning to issue 158 million ordinary shares and 2 million preferential shares with par value of 100 soums each. The shares will be placed through stock exchange and the branches of the bank.