The Center for coordination and control over functioning of securities market under the State Property Committee of Uzbekistan registered a prospectus of emission for 166.543 billion soums on 28 June 2012.
According to the prospectus of emission, the bank will place 57.8 million ordinary and 2 million preferred shares with par value of 2,785 soums each.
The shares of the issue will be placed on closed subscription among shareholders through replacement of old shares with par value of 2,475 soums to new ones with nominal value of 2,785 soums.
The difference between the par values for 18.538 billion soums will be paid due to undistributed net income of the bank for previous years.
Uzpromstroybank was founded in 1922 and re-registered in 1991. Its main area of work is crediting enterprises of strategic sectors of industry.
Main shareholders are Finance Ministry of Uzbekistan (35%) and Fund for Reconstruction and Development of Uzbekistan (26%).