Extraordinary General Shareholders Meeting was held to determine maximum volume of announced shares to increase charter capital twice in 2011-2015.

In line with the decision of shareholders, the maximum size of announced shares was set at 11.75 billion soums. As of 1 July 2011, the charter capital rose by 6.4% to 12.043 billion soums.

The bank said it demonstrates stable improvement of financial activities, in particular last two years. It is expected that the bank will keep profitability indicators in good level in near future.

The bank is restructuring its business processes and corporate management to expand its activities and provide more services to population and corporate clients.

Universalbank private open joint stock commercial bank was founded on 25 May 2002 with charter capital of 0.05 billion soums on the base of Qoqand private open joint stock commercial bank.

The headquarters of the bank is located in Qoqand city, Ferghana region of Uzbekistan. The main clients of the bank are small and private businesses, as well as retail clients. The assets of the bank made up 33.8 billion soums as of 1 January 2011.