Within the issue, Asaka Bank will place 6,867,534 ordinary shares. The par value of the share is 57,500 soums.

Total sum of the issue makes up 394,883,205,000 soums, the bank said in a statement.

Shares of the issue will be placed on closed subscription among shareholders through replacement of old shares with par value of 52,600 soums to new ones with nominal value of 57,500 soums.

The difference in par value for 33.651 billion soums will be paid due to part of net income of the bank for 2013.

Asaka Bank is one of the largest banks of Uzbekistan. Currently, Asaka Bank has 26 branches, 112 mini-banks, which render services to about 32,000 business entities.

Aggregate assets of State joint stock commercial bank “Asaka” made up 4.3 trillion soums as f 1 January 2013, which grew by 20.8% year-on-year. This was announced at the expanded session of the bank’s board.

The press service of the bank said that aggregate capital rose by 20% and made up 586.5 billion soums. The volume of income-bearing assets reached 2.7 trillion soums or 62.5% in total assets’ volume.

As of 1 January 2013, the volume of capital investments of the bank made up 1.85 trillion soums, of which 1.33 billion soums were investment loans. At the same time, 83.5% of loan portfolio or 1.5 trillion soums were long-term loans.