According to the UZSE, some 500,000 ordinary shares of the commercial bank for 500 million soums were traded within the deal.

As earlier reported, leasing company MED Leasing LLC disclosed information on its intention to purchase 500,000 ordinary share or 3.7709% stake in the bank’s charter capital. In the result, Med Leasing now owns 18.0562% stake in the charter capital of Turkiston Bank.

Turkiston Bank has been founded on 15 May 1997 in line with the legislation of Uzbekistan. The bank’s activities are regulated with the Central Bank of Uzbekistan and carried out in line with license No. 57 from 25 January 2003.

The bank’s main activity directions are rendering banking services, carrying out operation with securities, providing loans and guarantees.