Uzpromstroybank - the largest universal bank in the Republic of Uzbekistan.
In 1991, the Bank became a joint stock - commercial. The Bank provides commercial and retail operations in the territory of the Republic of Uzbekistan on the basis of:
General license for banking operations for number 17, issued by the Central Bank RUz.ot 25.06.1991, and updated January 25, 2003 and June 27, 2009;
General license for transactions in foreign currency № 47, issued by the Central Bank of Uzbekistan 27.06.2009 PM
A decision of shareholders on the basis of 2008, held April 24, 2009 Registered capital increased due to the direction of the undistributed profits of previous years by increasing the nominal value of shares of all kinds 200,0 sum each, totaling 10.000.000.000,0 sum. The nominal value of shares of the Bank was determined at 2.200,0 (2200) sum.
December 28, 2009 held extraordinary general meeting of shareholders of the Bank with the main item on the agenda: an increase in the authorized capital of the Bank by increasing the nominal value of shares from retained earnings of previous years. In accordance with the decision of the general shareholders' meeting and the recommendations of the Accounts Chamber of the Republic of Uzbekistan in the second quarter of 2010 there was an increase in the authorized capital of the Bank on 8,0 billion soums.
June 4, 2010 held regular general meeting of shareholders at which it was decided to increase the authorized capital stock of the Bank for 5.75 billion soums by increasing the nominal value of shares to the 2475 sums due to the current year profit and retained earnings of previous years.
To date, formed authorized capital amounts to 123.75 billion soums. The bank plans to further bring the capital to 163.95 billion soums to private (individual), corporate and foreign investors.
In accordance with Presidential Decree of 19 December 2006 "On measures to stimulate the increase of capitalization of commercial banks' corporate income derived from dividends on shares of commercial banks are exempt from taxation, as well as funds to purchase shares of commercial banks in their primary and additional issues are excluded from the taxable base for income tax and single tax payment. This exemption shall apply to shares of commercial banks, acquired from 1 January 2007, as well as on dividends payable before 31 December 2009. Shares may be simple, as well as privileged.
Shares Uzpromstroybank to date are in Listing A and listed in the "Toshkent". In accordance with Presidential Decree of 15 April 2005 "On measures to further reform and liberalization of the banking system" shall be exempt until January 1, 2010 from taxation on personal income derived from dividends on shares of commercial banks.
Face value placed preferred shares shall not exceed twenty percent of the company's statutory fund.
Preference shares differ from ordinary to the following criteria:
Owners of preferred shares are not entitled to vote at a general meeting of shareholders, as well as participate in the management of the bank
For preferred shares of the Company to pay dividends at a fixed interest rate
In case of liquidation preferred shareholders receive the full amount of their contributed funds and dividends before owners of common shares, etc
have a right to a voice in decision-making
Participate in the management of the bank
Get a dividend depending on the income of the bank
In the liquidation of the company receive their money made after the shareholders - holders of preferred securities
Shareholders also have other rights under the law and the charter of the company
Shareholders are entitled to:
receipt in respect of itself account statements depot in depository
portion of company profits in the form of dividends
portion of the property in the event of liquidation of joint-stock company, in accordance with its shares
participation in the management of joint stock company
obtain complete and accurate information about the results of financial and economic activities of the issuer in accordance with the charter company
freely available to receive dividends
protection of their rights in the authorized state body to regulate the securities market, as well as in court
recover damages from incompetent or unscrupulous activities of professional securities market participants and issuers
union associations and other civil society organizations to represent and protect their interests
insurance risks associated with potential losses and (or) loss of profit on the acquisition of securities.
Shareholders also have other rights under the charter of the society