The placement of the shares raised the charter capital of Turkiston Bank for 5.3 billion soums. The bank said the raise of the authorized capital will significantly expand business of the bank.

Recently, the bank adopted decision to increase charter capital to 10 billion soums till 2010.

Turkiston Bank is private joint-stock commercial investment bank and it was founded in 1997. It was initially created to render banking services to transport organizations, but now renders universal banking services.