The charter capital was raised due to placement of additional shares for 20 billion soums. Within the emission, the bank placed 197.6 million ordinary and 2.4 million preferential shares with par value of 100 soums each.

Alokabank plans to float the 16th emission of shares at the volume of 16 billion soums within 2010.

Alokabank was founded in line with the resolution of the Cabinet of Ministers of Uzbekistan from 12 October 1994 in order to ensure economic growth and financial support of the enterprises of the Uzbek Agency for Communication and Information and small and private businesses.

The bank carries out banking activity in line with the license for conducting banking activity of the Central Bank of Uzbekistan from 13 August 2004 (replaces license from 22 March 1995) and license on operations with hard currency from 29 January 2005 (replaces license from 21 August 1996).

Among shareholders of the bank are Uzbek Agency for Communication and Information, Uzbekistan Pochtasi, Uzbektelecom and others.

Assets of Alokabank made up 243.2 billion soums as of 1 January 2010 or grew by 14.2% year-on-year. The bank’s capital rose by 37.4% year-on-year and comprised 46.3 billion soums as of 1 January 2010. Net income of the bank reached 5.3 billion soums at the result of 2009, or increased by 6% compared to 2008.