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Finance 11/10/2011 Universalbank to increase charter capital by 2bn soums
Universalbank to increase charter capital by 2bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Universalbank private open joint stock commercial bank will place ordinary shares for 2 billion soums, the statement of the bank said.

The Center for coordinating and controlling over functioning of securities market under the State Property Committee of Uzbekistan registered a prospectus of emission of the bank.

According to the prospectus of emission, Universalbank will issue 20,000 ordinary shares with nominal value of 100,000 soums each. Total volume of the issue makes up 2 billion soums.

The shares of the emission will be placed on open subscription among unlimited potential investors. The shares will be floated on market prices, but not less than their par value.

In line with the data, the charter fund of Universalbank makes up 12.043 billion soums.

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.

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