According to the presidential decree from 6 April 2010, the minimum requirement to authorized capital set at 10 million euros for commercial banks and 5 million euros for private banks.

To implement the resolution, Turkiston Bank adopted several measures in 2010 to increase financial sustainability and strengthening investment activity of the bank.

As of 28 December 2010, the charter capital of Turkiston Bank made up 10.97 billion soums or 5.07 million euros at the official rate of the Central Bank of Uzbekistan (2,165.13 soums per 1 euro) and achieved minimum level of established for 2010.

At the same time, Turkiston Bank signed an agreement on 1 December with Fitch Ratings Ltd (Great Britain) on assigning credit rating to the bank for 2009-2010.

Turkiston Bank has been founded on 15 May 1997 in line with the legislation of Uzbekistan. The bank’s activities are regulated with the Central Bank of Uzbekistan and carried out in line with license No. 57 from 25 January 2003.

The bank’s main activity directions are rendering banking services, carrying out operation with securities, providing loans and guarantees.

Assets of Turkiston Bank grew from 20.12 billion soums as of 1 October 2009 to 26.32 billion soums as of 1 October 2010. The loan portfolio increased by 21.36% year-on-year to 18.63 billion soums (15.35 billion soums as of 1 October 2009).