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Finance 28/10/2010 Turonbank increases charter capital up to 23.8bn soums
Turonbank increases charter capital up to 23.8bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock commercial Turonbank will place ordinary shares for 5.6 billion soums, the bank said in a statement.

Center for securities market under the State Property Committee registered the 12th emission of shares of Turonbank.

Within the emission, Turonbank is planning to place 4 million ordinary shares with par value of 1,400 soums each. Total sum of emission makes up 5.6 billion soums.

In the result of shares’ placement, the charter capital of the bank will rose from 18.2 billion soums to 23.8 billion soums. The shares will be placed on open subscription.

Open joint stock commercial Turonbank founded by the Ministry of agriculture and water management of Uzbekistan and its subdivisions. The bank was founded on 6 June 1990 and it is one of the first commercial banks in Uzbekistan.

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