Stay up to date with the latest news
Subscribe to our telegram channel
Finance
25/06/2012
Samarkand Bank distributes net income for 2011
Samarkand Bank distributes net income for 2011
Tashkent, Uzbekistan (UzDaily.com) --
Shareholders of the Open joint stock commercial bank “Samarkand” distributed net income of the bank for 2011 at the size of 211.642 million soums.
In line with the decision of shareholders, Samarkand Bank directed 25% of net income to formation of the Preferential Crediting Fund.
Shareholders also issued 10% of net income to formation reserve fund of general purpose, the bank’s statement said.
Samarkand Bank also will allocate 30% of net income to increasing the bank’s charter capital.
Shareholders also adopted decision not to pay dividends on shares of the bank.
LATEST NEWS