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Finance 19/07/2011 Amirbank directs 95% of net income for 2010 to reserve fund
Amirbank directs 95% of net income for 2010 to reserve fund
Tashkent, Uzbekistan (UzDaily.com) -- General shareholders meeting of private open joint stock commercial bank Amirbank adopted decision not to pay dividends for 2010.

Amirbank recorded 78.458 million soums of net income in 2010 compared to 179.812 million soums in 2009.

In line with the decision of shareholders, the bank will direct 95% of net income or 74.535 million soums to reserve fund and 5% or 3.922 million soums to Fund of Preferential Crediting.

Headquarters of Amirbank is located in Samarkand city. The Central Bank of Uzbekistan issued license to the bank in October 2008.

The bank’s assets grew from 9.029 billion soums in 2009 to 14.595 billion soums in 2010. The growth made up 61.7%. Loan portfolio grew 2.1 times from 4.106 billin soums to 8.659 billion soums in the reporting period.

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