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Finance 24/06/2011 Turon Bank directs part of 2010 net income to raising charter capital
Turon Bank directs part of 2010 net income to raising charter capital
Tashkent, Uzbekistan (UzDaily.com) -- Shareholders of open joint stock commercial Turon Bank distributed net income the bank for 2010. The bank said it received 6.001 billion soums of net income in 2010.

General shareholders meeting of the bank directed 2.55 billion soums of net income to increasing charter capital of the bank. The charter capital will be increased through raising par value of shares from 1,400 soums to 1,550 soums.

Shareholders directed 400 million soums to formation of reserve fund and 312.599 million soums to general fund of the bank.

The bank’s shareholders allocated 1.795 billion soums to payment of dividends on ordinary shares and 943.124 million soums to preferential shares.

In line with the decision, Turon Bank will pay 124.6 soums of dividends per ordinary share (8.9% from nominal value) and 364 soums on preferential shares (26% from nominal value).

Total number of shares, on which dividends are paid, makes up 14.409 million ordinary shares and 2.591 million preferential shares. The dividends will be paid with money resources.

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