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Finance
15/01/2010
Microcreditbank to raise charter capital to 150bn soums
Microcreditbank to raise charter capital to 150bn soums
Tashkent, Uzbekistan (UzDaily.com) --
Microcreditbank open joint stock commercial bank will increase its charter capital by 72 billion soums to 150 billion soums, the bank’s press service said.
The decision was adopted in line with the decree of the Uzbek President “On measures for further expansion activity of Microcreditbank on support of businesses” from 10 November 2008.
Microcreditbank was founded in line with the presidential decree from 5 May 2006 and the resolution of the government.
The main tasks and services of the bank include micro crediting and rendering banking and consulting services to small and private businesses, farmers to strengthen and expand their production, broadening businesses, rendering micro leasing services and others.
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