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Finance 18/10/2010 Ravnaq Bank to raise charter capital by 284.114 million soums
Ravnaq Bank to raise charter capital by 284.114 million soums
Tashkent, Uzbekistan (UzDaily.com) -- Ravnaq Bank private open joint stock commercial bank will increase its charter capital by 284.114 million soums. The decision was adopted by shareholders of the bank.

In line with decision, the bank will direct 14.953 million soums or 5% from undistributed income of previous years to raise General Purpose Reserve Fund.

Shareholders also directed 284.114 million soums from undistributed income to raising the bank’s charter capital. The sum will be directed at dividend accounts of shareholder in line with their share in the bank and will be used to payment of new eighth emission of shares.

Ravnaq Bank private open joint stock commercial bank was founded in July 2001. The bank specializes on serving petroleum fuelling stations and wholesale enterprises, which specialize on oil products realization.

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