Uzbekistan, Tashkent, May 31 / Trend D.Azizov /
Open Joint-Stock Innovation Commercial Bank, Ipak Yuli, which is among middle banks in Uzbekistan, in 2012, plans to increase its authorised capital by 23.6 per cent - up to 44 billion soums, a bank's shareholder told Trend on Thursday, with reference to the decision of general annual shareholders' meeting.
He said the authorised capital will be increased through the issuance of shares for 8.4 billion soums. It is planned to issue 84 million common shares with par value of 100 soums each.
Currently, the bank's authorised capital is formed at a volume of 35.6 billion soums, it consists of 355.94 million common shares and 60,000 privileged shares with par value of 100 soums each. Bank shares are owned by about 1,000 shareholders - legal entities and individuals, the largest of which is the National Export-Import Insurance Uzbekinvest (about 18 per cent).
Ipak Yuli Bank was created in 1990. The Bank has branched structure of mini-banks, express centers and 10 branches in Tashkent, and several regions of the country.
In 2011 the bank increased its assets, calculated according to national accounting standards, by 21.6 percent compared to the same period of 2010 - up to 640.9 billion soums, credit portfolio - by 49.9 percent, to 268 billion soums. Bank liabilities increased in 2011 by 21 percent - up to 581.2 billion soums, equity capital - by 26.9 percent to 59.7 billion soums taking into account authorised capital of 36.5 billion soums.
Net profit of the credit institution on the basis of last year increased by 30.5 per cent and amounted to 13 billion soums.
The official exchange rate is 1871.44 soums to $ 1 on May 31.