DUSHANBE, April 5, Asia-Plus — A number of Kazakh and Chinese banks are interested in taking a stake in open joint-stock company AgroInvestoBonk, the second largest commercial bank in Tajikistan.
The source at AgroInvestBonk said that information about the banks to acquire AgroInvestBonk’s shares is confidential. “They will probably want to present themselves as shareholders of AgroInvestBonk after conclusion of appropriate contracts,” the source said, adding that the European Bank for Reconstruction and Development (EBRD) will probably also acquire a stake in AgroInvestBonk and participate in management of the bank.
“It will happen only after the EBRD experts analyze activities of AgroInvestBonk,” the source.
According to the source, a general meeting of AgroInvestbonk’s shareholders, which was held in late March, considered and approved a strategy of development of the bank for 2007-2013 and the forecast budget for 2007.
“Under the strategy, the bank’s own capital is supposed to have increased by 300 million somonis ore more than 5 times over the next seven years,” said the source, “As the first step, the bank will additionally issue shares for a total amount of 27 million somonis, with 10 percent of them being privileged.”
Founded in 1992, AgroInvestBonk, with headquarters in Dushanbe, has main branches in Khorog, Khujand, Kulob and Qurghon Teppa and 57 other branches across the republic. AgroInvestBonk’s declared capital includes 270,000 shares, valued at 27 million somonis. The face value of one share is 100 somonis.
