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Agrobank plans to increase its authorized capital by 250 billion soums

Update date:  26 May 2019, 16:00
18 Nov 2016
Agrobank in the period 2017-2019 years, intends to gradually increase the share capital by 250 billion soums at the expense of  stockholder and additional investors, followed by the direction of resources to ensure agricultural machinery.

This intention is supported by the decision of the President "On measures on organization of joint stock company "Uzagrosanoatholding" from November 17, 2016.

Agrobank with assets at the beginning of October 2016 in the amount of - 5.115 trillion soums and the registered capital of 367.1 billion soums, which is among the five largest banks in the country. The Bank provides loans to companies for production and processing of agricultural products.

Recently, the international rating agency Fitch Ratings upgraded the rating of Agrobank in foreign and national currency from "B" to "B +", the forecast - "stable".
At the same time, Fitch has affirmed the short-term IDR in foreign and local currency ratings at "B" and support rating "4", as well as stability rating - "b-". the same assessment the Bank has another rating "Moody's" agency.

According to the agency Agrobank non-performing loans are at a low level. The bank in the first half of 2016 was additionally capitalized at 50 billion soums, which should improve the capitalization at the end of the current year to 6.3%.
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