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Finance 14/01/2010 Asaka Bank increases authorized capital to 300bn soums
Asaka Bank increases authorized capital to 300bn soums
Tashkent, Uzbekistan (UzDaily.com) -- State joint-stock commercial bank Asaka (Asaka Bank) increased its charter capital to 300 billion soums.

Shareholders of the bank adopted decision on increasing charter capital by 147.1 billion soums in December 2008. The decision was adopted in line with the resolution “On measures on further increasing investment activity of the State joint stock commercial bank “Asaka”.

The shares of the emission were placed among existing shareholders of the bank – Ministry of Finance, UzAvtoSanoat. Fund for Reconstruction and Development of Uzbekistan also became the shareholder of the bank.

In line with the document, Fund for Reconstruction and Development of Uzbekistan acquired shares for 50 billion soums, Finance Ministry – 49.6 billion soums and UzAvtoSanoat – 47.5 billion soums.

Currently, Finance Ministry holds 66.65% shares in the bank’s charter capital. UzAvtoSanoat holds 16.68% shares and Fund for Reconstruction and Development of Uzbekistan – 16.67%.

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