OREANDA-NEWS. November 03, 2010. Turkestan private closed joint-stock commercial investment bank held extraordinary meeting of its shareholders.

The agenda covered the distribution of profit for three quarters of 2010 and establishment of the volume of additional shares emission to reach the minimal level of joint-stock charter fund in accordance with requirements of the Resolution of the President No.1317 dated 6 April 2010. As a result of voting the majority of shareholders made decision to extend 717.7 million soums to increase the bank's charter fund and 90 million soums to increase capital reserves.

The maximum volume of additional emission will comprise 6 billion soums. Thus, at full formation of additional fund, Turkestan bank's joint-stock charter fund will amount to 13.9 billion soums by the end of the year.