Belarusian Currency and Stock Exchange Increases Authorized Capital by 14.3%

25.03.2011 09:41
Архив Редакция

Shareholders of Belarusian Currency and Stock Exchange decided to increase the authorized capital by 14.3% at the General Meeting of shareholders on March 24. As a result, it will amount to Br14.7 billion. It's planned to achieve by increasing the nominal value (from Br315 to Br360), the revaluation of balance (Br1.7 billion) and profits (Br53.48 million).

In 2010, profit of Belarusian Currency and Stock Exchange, available after taxes and other obligatory payments, amounted to Br2.5 billion, having increased by 31.9% in comparison with 2009. The main portion of the profits (Br1.2 billion) is intended to finance state trust fund for national development, BelTA informs.

Summing up 2011, no more than 0.5% of the profits is planned to be reserved for contingency salary fund, up to 35.9% — for the partial payment of the profits in accordance with decree №637, up 0.1% — for the payment of remuneration and compensation of Member of the Supervisory Board and the Audit Commission, up to 60% — for the accumulation fund, up to 3.5% — for consumption fund.