Baku, Azerbaijan, Aug. 14
By Fikret Dolukhanov – Trend:
Uzbek Private Joint-Stock Commercial Bank (PJSCB) Turkiston is planning to place shares with a total sum of 65 billion soums, Uzbek media reported referring to the Unified Corporate Information Portal of Uzbekistan.
According to the information, the bank is planning to issue 65 million shares with a nominal value of 1,000 soums each.
The shares of this issue will be placed through open subscription among unlimited number of persons.
Turkiston PJSCB has been operating in the market of banking services of Uzbekistan since 1998.
Currently, the bank has a positive growth in all key and quality indicators. The bank's own capital at the moment is over 26.5 billion soums.
An additional issue of the bank’s shares in the amount of 5.0 billion soums, intended for foreign investors, has been carried out. The bank's shares are listed on the stock exchange under ‘A’ category.
The Standard & Poor's rating agency assigned the bank a rating of B-/C.
The official exchange rate on Aug. 14 is 7790.20 UZS/USD
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