Markets02/08/2007Banks to float stocks for 230bn soums
Pursuant to the Presidential Resolution dated 12 July 2007 "On measures to further increase the capitalization fo banks and activate their participation in the investment process on modernization of the economy", by the end of the year commercial banks are expected to float stocks for 230 billion soums.
As a result, the capitalization of banks is expected to rise by 40%, and their total capital will comprise 1.5 trillion soums.