TASHKENT, Uzbekistan, February 14. Uzbekistan's Garant Bank is planning an additional share placement at a public auction, Trend reports.
The bank has registered the issue of shares.
The bank plans to place 1.2 billion shares with a nominal value of 100 soums ($0.0081) each.
The total volume of the issue will amount to 120 billion soums ($9.7 million). The shares will be placed by open subscription.
Currently, the bank has 2.3 billion securities, including 3 million preferred shares.
Meanwhile, the volume of Uzbekistan's bank cash turnover amounted to 831 trillion soums ($67.3 billion) in 2023 and increased by 19 percent year-on-year.
The total amount of cash receipts in Uzbekistan amounted to 669 trillion soums ($54.2 billion) in 2023 and increased by 28 percent year-on-year.
Cash disbursements from banks' cash desks (including through ATMs) increased by 17 percent to 417 trillion soums ($33.7 billion) in 2023 year-on-year.
