Azerbaijan , Baku, Sept. 22 / Trend /
Private closed joint stock commercial bank of Uzbekistan Davr-Bank will place additional emission of shares for 1.5 billion soums, UzDaily.com reported.
The Center for coordinating and controlling over functioning of securities registered the prospectus of emission of the bank.
Within the emission, Davr-Bank will issue 150,000 ordinary shares with par value of 10,000 soums each. Total volume of the emission will make up 1.5 billion soums.
The bank said that the shares of the issue will be placed on closed subscription among shareholders of Davr-Bank.
Private closed joint stock commercial bank Davr-Bank operates in line with the license of the Central Bank of Uzbekistan No. 71 from 29 September 2001.
The bank has four branches and three mini-banks. The bank also plans to open Uchtepa branch in Tashkent. The bank has strategy to expand its network gradually.
The official exchange rate is 1744,25 soums to $1.
Edited by V. Zhavoronkova