OREANDA-NEWS. November 06, 2008. People’s bank become 4th bank, which will increase charter capital according to the order of the government. Such kind of information was announced earlier by  Uzpromstroybank, Pakhtabank and Gallabank, reported the press-centre of Peoples bank.

According to the resolution of the President of the Republic of Uzbekistan People’s bank will increase its charter capital till 100 bln. soums, and during the next 4 years, chrter capital of the bank will be increased till 200 bln. soums by issuing additional shares.

People’s bank’s capital increase is focused on increasing its financial stability, insuring the guarantied deposits, and increasing the investment operations of the bank. People’s bank was established in 1995 on the basis of Uzbek savings bank and considered as a large bank. 100% of bank’s shares  owned by the State – Ministry of Finance 51% and Central Bank – 49%.