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Finance 04/11/2010 Invest Finance Bank to place ordinary shares for 7bn soums
Invest Finance Bank to place ordinary shares for 7bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Private open joint stock commercial bank Invest Finance Bank will increase its charter capital by 7 billlion soums.

The Center for securities market under the State Property Committee of Uzbekistan registered a prospect of emission of shares of Invest Finance Bank.

In line with the prospectus, the bank will place 7 million ordinary shares with par value of 1,000 soums each. Total volume of emission will make up 7 billion soums on nominal value.

The shares of this emission will be placed on open subscription. In the result of placement of shares, the bank’s charter capital will reach 13 billion soums.

Invest Finance Bank has been working in Uzbekistan’s financial market after it received license from Central Bank on 22 November 2008. The bank recorded net income for 3.007 billion soums in 2009.

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