Uzzhilsberbank plans 14% charter capital increase
Posted
03/07/2002 Tashkent. (Interfax)
Uzzhilsberbank, the state savings bank that is one of the five largest banks in Uzbekistan, plans to increase charter capital by 14.3% to 4 billion sums, a bank source told Interfax. Shareholders will consider a sixth share issue worth 500 million sums on March 29 at the annual meeting. The bank last year placed a fifth share issue worth 500 million sums to increase charter capital to 3.5 billion sums and reduce the state share held by the State Property Committee and Ministry of Finance from 9% to 7.8%, closer to the planned level of 6%. Uzzhilsberbank was formed from the Tashkent Sberbank on March 24, 1997. It has 29 branches, 347 savings cash offices, and 55 exchange points. Charter capital is broken into 3.1 million common shares and 400,000 preferred shares with a par value of 1,000 sums held by 9,896 shareholders, including 7,827 individuals. The bank's biggest shareholders are Almalykpivo with 11.1%, enterprises of the Tashkent Administration with 6.85%, the Ministry of Finance with 3.98%, Tashkent Paint Materials Plant with 1.57%, and Almalyk Metallurgical Combine with 1.4%.
