In order to strengthen its position in the financial market of Uzbekistan, JSC Halq Banki is actively pursuing innovations in improving the quality of financial services according to international standards in 2019. In other words, the bank is self-renewing and transforming sequentially.Moreover, the effect of such changes manifests itself in the growth of the share capital of the JSC Halq Banki. The share capital of the bank increased by 227.9 million USD. Today, this amount reached 4 230.9 billion UZS. This figure was 1 540.3 billion UZS in the same period last year.
The Fund for Reconstruction and Development of the Republic of Uzbekistan has purchased 2 164 172 thousand ordinary shares with 1 000.0 UZS face value of the JSC Halq Banki shares, accordingly, the share of the Fund increased from 38.8% to 70.1% in the share capital.
The State Assets Management Agency of the Republic of Uzbekistan owns the remaining shares of the bank and the Agency share accounts for 29.9 % in the share capital.
It is noteworthy to note that Farkhod Salamov has been appointed as the Chairman of the Board of the JSC Halq Banki recently. Prior to that, he has been working as Deputy Chairman of the Board of the bank. Farkhod Salamov had worked for one of the largest bank U.S. Bancorp as an Executive Director in the United States.