The bank said undistributed profits for 2.16 billion soums will be directed to increase charter capital through placement of ordinary shares among current shareholders, which were registered as of 9 March 2010.

Shareholders decided to keep other part of undistributed profits for 9.34 billion soums.

They also adopted decision on utmost number of announced shares at the volume of 11,200 shares for 4.032 billion soums. The bank can issue 6,000 ordinary shares with par value of 360,000 soums. Total volume of which will make up 2.16 billion soums.

The bank can also emit 5,200 preferential shares with par value of 360,000 soums each. Total volume of them comprises 1.872 billion soums.

Credit Standard open joint stock commercial bank was founded on 16 August 2003 with the charter capital of 1.3 billion soums. Headquarters of the bank is located in Tashkent. As of 1 January 2010, the assets of the bank made up 246.6 billion soums and shareholder capital rose to 33.3 billion soums. Credit Standard Bank is medium-size bank.