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Finance 27/05/2011 Universalbank to pay 6,969.01 soums of dividends for each share
Universalbank to pay 6,969.01 soums of dividends for each share
Tashkent, Uzbekistan (UzDaily.com) -- Shareholders of Universalbank private open joint stock commercial bank adopted decision about payment of dividends for 2010.

According to the decision of the shareholders, the bank directed 125.843 million soums of net income for 2010 to formation of reserve fund and 826.442 million soums to payment of dividends.

At the same time, Universalbank will pay 6,969.01 soums of dividends for each ordinary share or 6.97% from par value.

Number of ordinary shares, on which dividends will be paid, makes up 118,588.

The dividends will be paid in cash or transferred to deposits of shareholders.

Net income of Universalbank made up 973.2 million soums in 2010.

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. As of 1 January 2011, the assets of the bank reached 33.8 billion soums.

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