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Finance 26/12/2011 Agrobank to pay dividends for 2010
Agrobank to pay dividends for 2010
Tashkent, Uzbekistan (UzDaily.com) -- Agrobank open joint stock commercial bank will pay dividends for 2010 in line with the decision of the shareholders.

In line with the decision of shareholders, the bank will pay 287.7 soums of dividends per preferential share, which makes up 25% of nominal value.

Total number of shares, on which dividends are paid, makes up 500,000 preferential shares, the bank underlined.

Agrobank received net income for 18.905 billion soums. In line with the decision of shareholders, the bank will direct 4.726 billion soums to Preferential Crediting Fund and 12.288 billion soums – to Reserve Fund.

The bank shareholders allocated 143.7 million soums to payment of dividends on preferential shares. Agrobank also issued 1.747 billion soums to the Bank’s Development Fund.

Pakhta Bank has been reorganized into Agrobank open joint stock commercial bank in March 2009. The bank renders banking services to farmers, producing agriculture enterprises, cotton and grain processing plants, etc.

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