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Finance 28/02/2012 Alokabank’s charter capital hits 60bn soums
Alokabank’s charter capital hits 60bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Shareholders of Open joint stock commercial "Alokabank" introduced changes to the charter of the bank.

According to the bank, the shareholder determined the maximum size of announced shares. In line with the decision, the bank can issue shares worth 20 billion soums or 196 million ordinary and 4 million preferential shares. The par value of shares is 100 soums each.

The bank said that the charter capital of Alokabank makes up 60 billion soums, which consists of 588 million ordinary and 12 million preferential shares with par value of 100 soums each.

Alokabank was founded in line with the resolution of the Cabinet of Ministers of Uzbekistan from 12 October 1994 in order to ensure economic growth and financial support of the enterprises of the Uzbek Agency for Communication and Information and small and private businesses.

The bank carries out banking activity in line with the license for conducting banking activity of the Central Bank of Uzbekistan from 13 August 2004 (replaces license from 22 March 1995) and license on operations with hard currency from 29 January 2005 (replaces license from 21 August 1996).

Among shareholders of the bank are Uzbek Agency for Communication and Information, Uzbekistan Pochtasi, Uzbektelecom and others.

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