Alokabank to place deposit certificates for 50bn soums

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Finance 12/01/2010 Alokabank to place deposit certificates for 50bn soums

Alokabank to place deposit certificates for 50bn soums

Tashkent, Uzbekistan (UzDaily.com) -- Alokabank open joint stock commercial bank is planning to issue 14th emission of deposit certificates for legal entities.

The bank said total sum of emission will be 50 billion soums. The maturity term of certificates varies from 6 months to three years.

In line with the Uzbek legislation, legal entities are exempt from income tax for received dividends from deposit certificates with maturity term of over 12 months.

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