In line with the resolution, Galla Bank was reorganized into Qishloq Qurilish Bank and the bank should form charter capital at the size of 150 billion soums. Currently, the authorized capital of the bank is 50 billion soums.

According to prospectus of emission, Ministry of Finance of Uzbekistan will acquire shares for 60 billion soums and Fund for Reconstruction and Development of Uzbekistan (FRDU) will buy securities for 25 billion soums.

Uzdonmahsulot (Uzbek Grain Products) joint stock company and Uzbekistan Temir Yollari (Uzbekistan Railways) will purchase shares for 4 billion soums each. Uzagrosugurta state joint stock insurance company and Uzvinpromholding (Uzbek Wine Industry Holding) will get securities for 1.5 billion soums each. The bank will place shares for 4 billion soums among other shareholders.

In the result of share placement, the Ministry of Finance of Uzbekistan will possess 53.3% stake (80 billion soums) in the bank’s charter capital, FRDU – 23.7% (35.5. billion soums), Uzdonmahsulot – 5.8% (8.7 billion soums) and Uzbekistan Temir Yollari – 4% (6 billion soums).

Share of Uzagrosugurta and Uzvinpromholding will make up 1.8% (2.7 billion soums) and 1.3% (2 billion soums) respectively. Other shareholders will hold 10.1% share.