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Finance 06/06/2012 Aloqabank to pay dividends for 2011
Aloqabank to pay dividends for 2011
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock commercial “Alokabank” adopted decision on payment of dividends on preferential shares for 2011.

According to the decision of shareholders, the bank will pay 20 soums of dividends per preferred stock and 9 soums per ordinary shares. The bank recalled that it pay directed 901.984 million soums to pay dividends in the first, second, third and fourth quarters of 2011.

Total number of shares, on which dividends are paid, makes up 12 million preferred and 588 million ordinary shares, the bank added.

According to the bank, the dividends on preferred shares will be paid in cash. The dividends on ordinary shares with agreement of shareholders will be paid with shares.

The bank said that its net income made up 10.207 billion soums in 2011. The shareholders directed 3.062 billion soums to formation of reserve fund and 721.666 million soums to formation of preferential crediting fund.

The shareholders issued 204.14 million to form fund of the Board. Other part of net income for 16.109 million soums was not distributed.

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