“Po’ytakht Bank” to Increase Charter Capital to 500 Billion Soums

Tashkent, Uzbekistan (UzDaily.com) — JSC Po’ytakht Bank plans to increase its charter capital from 100 billion to 500 billion soums.

The decision on an additional issuance of 400 million ordinary registered shares with a nominal value of 1,000 UZS each, totaling 400 billion soums, was approved by the bank’s shareholders.

The shares will be placed through a closed subscription among the sole shareholder — Bond Investment Limited LLC — in accordance with the current legislation. The placement period is set for one year from the date of state registration of the issue.

It is noted that, since the beginning of this year, the minimum required charter capital for banks in Uzbekistan has been set at 500 billion soums.

The bank was established in early 2019 to provide mortgage lending and finance construction projects, primarily affordable housing programs. Since its founding, 100% of the bank’s charter capital was state-owned and belonged to the Tashkent city administration.

In June 2024, the Agency for Management of State Assets (AMSA) reached an agreement to privatize Po’ytakht Bank with the UAE-based company Bond Investments Limited, which acquired the entire state stake for US$10 million.

In October, the completion of the bank’s privatization was officially announced. According to the Unified State Register of Legal Entities (USRLE), Bond Investments Limited became the new founder and now owns 100% of the shares. The bank’s official legal name has also been updated to include the designation “foreign company.”