OREANDA-NEWS. February 03, 2010. According to Decree of the President of the Republic of Uzbekistan No. PD-998 dated 13.11.2008 "About measures of further improvement of investment activity of State Joint-Stock Commercial Bank Asaka", were prescription to the bank to increase authorized capital up to 300 billion Uzbek Sums in equivalent, reported the press-centre of Asaka Bank.

In pursuance of this Decree on December 9, 2008 was hold an extraordinary general shareholders meeting, on which was made a decision about increasing of authorized capital of "Asaka" Bank up to 300 billion Uzbek Sums.

On December 30, 2008 in the Center of coordination and control for functioning of equity market of the Republic of Uzbekistan was registered a Decision of issuing of "Asaka" bank’s stocks in quantity of 5 868 394 pieces to the amount of 293 419,7 mln. Uzbek Sums.

As of December 30, 2009 obligations for formation of authorized capital and stock floatation of new emission were executed in corpore. Thereby, the shares of shareholders in authorized capital allocated by following:

Ministry of Finance of the Republic of Uzbekistan — 66.6% of authorized fund

Joint Stock Company "Uzavtosanoat" — 16.7%

Fund for Reconstruction and Development of the Republic of Uzbekistan — 16.7%

As of today is going spade-work for entering appropriate amendments to the Charter of "Asaka" Bank (JSC)

Key goals of "Asaka" bank (JSC) in investment activity are:
Realization of active investment policy, directed on modernization, technical and technological reequipment, rise of localization level of car manufacturing enterprises and other branch of industries and on basis of implementation and expansion of production of a new, competitive, relevant on external and internal production markets, improvement of export potential of the enterprises;

Mobilization of banks own resources and their efficient use, including on realization of investment projects, procurement of timely and fully refunding of investments;

Attraction of funds of international financial institutions and foreign investors for co-financing of investment projects on establishment of a new and modernization of acting industrial productions on basis of implementation of modern foreign high-performance technologies and equipment;

Improvement of takeoff mechanism, integrated assessment and appraisal of investment projects on basis of thorough analysis of prospects of output goods distribution on internal and internal markets and forecasting of financial return from realization of a project;

Using of modern methods and mechanisms of crisis management, which are providing financial recovery, modernization and stable production activity of detrimental and economically insolvent enterprises, preparation of them for realization in future to strategy investors;

Rendering to the clients wide range of banking and consulting services, including on basis of implementation of modern data-communication technologies, assistance in organization of exhibitions, shows and other forms of promotion of output goods of enterprises on internal and external market;

Expansion of leasing operations, which are providing a procurement on leasing terms of modern high-performance machinery, equipment, technique and technologies for modernization and renovation of production;

Further improving of retraining and qualification of bank employees on a manner of selection, appraisal and realization of investment projects, reinforcement of commercial banks with professionally ready highly qualified staff, which are able to efficiently solve problems of activation of banks investment activity.