Shareholders decided to direct 5.2 billion soums from the 2009 net income for 5.505 billion soums to increase charter capital. The bank will increase authorized capital through raising par value from 1,000 to 1,400 soums.

At the beginning of 2010, the equity capital of the bank was 15.721 billion soums, which comprised of ordinary shares for 12.875 billion soums and preferential shares – 2.846 billion soums.

Other part of net income for 305.296 billion soums, the shareholders directed to general fund of the bank.

According to annual report, the audited net income of Turonbank decreased from 3.268 billion soums to 3.093 billion soums. The bank representative said audit company, PriceWaterHouseCoopers, decreased net income as they included possible risks connected with the bank’s crediting activity.

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.