According to the presidential decree from 6 April 2010, the minimum requirement to authorized capital set at 10 million euros for commercial banks and 5 million euros for private banks.

As of 24 December 2010, the formed charter capital of the bank made up 11.05 billion soums, which is equal to 5.07 million euros at the official rate of Central Bank of Uzbekistan (2,177.69 soums per euro).

The bank said that the growth of capital will strengthen market position of Universalbank and incease its loan potential, and contribute to development of economic potential of Uzbekistan.

Shareholders of the bank already stated that they will support further increasing capital of Universalbank in next five years. Annual growth of capital of the bank will be at least 20-25% and the bank plans to raise charter capital to 12 million euros.

As earlier reported, Universalbank started wide-scale restructure, which is directed at strengthening corporate management, stronger control over operational risks. In the result, the bank reviewed key policies, set firm monitoring, improved loans quality, started to introduce innovative banking products. The bank plans to introduce operation risks management control system in line with recommendation of Basel Committee (Second edition).

In the result of measures, it is expected that Universalbank will be more transparent and dynamically developing financial institution in 2011. The bank is preparing new products for retail and corporate customers. It will also carry out restyling of brand and increase number of branches.

Universalbank private open joint stock commercial bank was founded on 25 May 2002 with charter capital of 0.05 billion soums. The headquarters of the bank is located in Qoqand city, Ferghana region. The main clients of the bank are small and private businesses, as well as retail clients. Assets of the bank made up 26.4 billion soums as of 1 January 2010.