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Finance 27/10/2011 Ravnaq Bank can issue shares for 2 billion soums
Ravnaq Bank can issue shares for 2 billion soums
Tashkent, Uzbekistan (UzDaily.com) -- Shareholders of private open joint stock commercial bank “Ravnaq-Bank” approved the maximum size of announced shares.

In line with the decision of shareholders, the bank can additionally pay 2 million ordinary shares with par value of 1,000 soums each.

During the extraordinary meeting, the shareholders introduced corresponding changes to charter of the Ravnaq-Bank.

Ravnaq Bank private open joint stock commercial bank was founded in July 2001. The bank specializes on serving petroleum fuelling stations and wholesale enterprises, which specialize on oil products realization.

The equity capital of the bank increased by 75.2% year-on-year in the second quarter of 2011 to 10.5 billion soums.

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