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Finance 18/12/2013 InFinBank to place shares for 15.87bn soums
InFinBank to place shares for 15.87bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Private Open Joint-Stock Commercial Bank “Invest Finance Bank” registered an emission of the shares.

According to the bank, Invest Finance Bank will place 15,868,643 ordinary shares with par value of 1,000 soums each. Total sum of the issue is about 15.869 billion soums.

In the third quarter of 2013, the equity capital of Invest Finance Bank rose twice year-on-year and reached 45.4 billion soums.

Private Open Joint-Stock Commercial Bank “Invest Finance Bank” operates under the license issued by the Central Bank of the Republic of Uzbekistan No.75 dated 22 November 2008.

Currently, the bank’s activities are concentrated in metropolitan region. Since its establishment the Bank operates as a universal bank offering a wide range of services to large corporate clients, small and medium-sized businesses, as well as individual persons.

Strategic directions of the Bank’s activity are provision of remote banking services and financing corporate clients, as well as small and medium-sized businesses, with a gradual diversification due retail business development and regional expansion. Strategic Plan foresees the development of the Bank’s brand, as well as further development of the Bank in the regions.

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