Tashkent, Dec. 6 -- In order to strengthen its position in the financial market of Uzbekistan, JSC Xalq Bank 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 Xalq Bank. The share capital of the bank increased by 227.9 million USD. Today, this amount equals to 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 valu...