INFORMATION ON ACCRUED AND PAID DIVIDENDS
|
Period |
For a share (UZS) |
In percentage (%) |
|
For the year ended 2012 |
151,10 |
60,44% |
|
For the year ended 2013 |
159,55 |
63,82% |
|
For the year ended 2014 |
132,10 |
52,84% |
|
For the year ended 2015 |
- |
- |
|
For the year ended 2016 |
59,77 |
23,91% |
|
For the year ended 2017 |
96,58 |
38,63% |
|
In 2018 from retained earnings of the previous years |
69,31 |
27,72% |
No debts on payment of dividends exist.
Contact Treasury Department of JSCB “ASIA ALLIANCE BANK” on the issues of payment of dividends. Contact telephone number: 231-60-33.
Reasoning of recommended distribution of net profit, dividends, assessment of their conformity with adopted Dividend policy in the Bank
In accordance with clauses 2.1-2.2 of the Dividend policy of JSCB “ASIA ALLIANCE BANK” (approved by the Resolution of the Supervisory Board of the Bank, Protocol No.К-2 dated January 25, 2016) the Bank shall be entitled to adopt decision on payment of dividends on placed shares according to the results of the first quarter, half-year, nine months of a financial year and (or) according to results of a financial year.
Trustworthiness of Bank’s financial statement for 2016 is confirmed by “PricewaterhouseCoopers”.
On the meeting held on April 28, 2017 the Supervisory Board of the Bank recommended to annual general meeting of shareholders to determine the distribution of Bank’s net profit for 2016 in the following order:
- 5.0% or 1 961 648 896.36 UZS of the Bank's net profit for 2016 to be used to increase the reserve fund for general purposes;
- 5.0% or 1 961 648 896.36 UZS of the Bank's net profit for 2016 to be used to increase the Fund for concessional lending;
- 14.33% or 5 622 959 683.16 UZS of the Bank's net profit for 2016 to be used to form reserve on standard assets, out of which 1 693 079 281.87 UZS was allocated in the present year (decision of General Meeting of Shareholders as of May 11, 2016);
- 75,66% or 29 685 637 045.46 UZS of the Bank's net profit for 2016 to be used to pay dividends, out of which 17 482 590 329.60 UZS was paid as the dividends on the results of the first half year of 2016 (decision of General Meeting of Shareholders as of September 30, 2016);
- the remaining part of the Bank's net profit for 2016 in the amount of 1 083 405.84 UZS to be retained on the account of undistributed profit of the Bank.
Recommendation on distribution of Bank’s net profit is conform to Bank’s Charter and Dividend policy.