Turkistonbank adopts decision to raise capital by 717.7m soums

Tashkent, Uzbekistan (UzDaily.com) -- Private open joint stock-commercial investment bank Turkiston (Turkistonbank) adopted decision to direct 717.7 million soums to raising capital due to income of the bank in three quarters of 2010.

The decision was adopted at extraordinary session of the commercial bank. The shareholders also directed 90 million soums to increasing reserve capitals.

Shareholders also determined maximum volume of additional shares at the size for 6 billion soums in 2010, the bank’s press service said.

The press service said that the bank equity capital will reach 13.9 billion soums or 6.15 million euros after the full formation of additional capital.