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Finance 14/04/2010 Microcreditbank to raise its charter capital by 3.594bn soums
Microcreditbank to raise its charter capital by 3.594bn soums
Tashkent, Uzbekistan (UzDaily.com) -- General shareholders meeting of Microcreditbank open joint stock commercial bank adopted decision to raise its charter capital of the bank.

The bank said Microcreditbank will direct part of its net income for 2009 to increase its authorized capital via increasing nominal value of the shares.

The bank will direct 3.594 billion soums of its income for 3.826 billion for 2009 to increase the charter capital. In line with the decision, the nominal value of share will grow from 1,000 soums to 1,023.96 soums.

Shareholders will also direct 27 million soums to pay dividends on preferential shares. The bank will pay dividend at the size of 20% from par value of share. Other part of net income for 191.3 billion soums will be directed to reserve fund.

Shareholders also decided to spend 13.7 millin soums as rewards for organization of Supervisory Council and Revision Commission.

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