The bank said that the Center for coordination and control over functioning of securities market registered the additional emission of shares.

Within the emission, the bank will place 98 million ordinary and 2 million preferential shares with par value of 100 soums.

The announced charter capital of Alokabank at the end of 2010 was 50 billion soums, which comprises of 490 million ordinary and 10 million preferential shares with par value of 100 soums.

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.