Tashkent, Uzbekistan, Aug. 15
By Demir Azizov - Trend:
Uzbekistan's state-run commercial 'Halk Bank' increased its assets in the first half of 2014 by 32.5 percent - up to 3.664 trillion soums as compared with the final figures for 2013, the bank's management told Trend.
The assets are calculated in accordance with the national accounting standards.
The Uzbekistan-based bank said that its loan portfolio including leasing has increased since early 2014 by 17.5 percent - up to 1.73 trillion soums.
The total volume of deposit funds in early July was 2.299 trillion soums (a growth of 3.2 percent), including demand deposits - 482.842 billion soums, savings deposits - 1.245 trillion soums, and fixed time deposits - 571.238 billion soums.
Halk Bank's own capital decreased throughout six months by 7.7 percent - up to 285.907 billion soums (given the formed authorized capital of 200 billion soums).
Halk Bank was restructured from the Republican Savings Bank of Uzbekistan in 1995.
As of today, Halk Bank is one of the largest banks in Uzbekistan. It includes 14 territorial and 184 district and urban branches, and over 3,500 branches and savings banks.
The bank's founders are the Uzbek Ministry of Finance and the Uzbek Central Bank, which own 51 percent and 49 percent of shares respectively.
The bank is the government's agent responsible for implementation of social programs and operates as a universal commercial bank. Under the law 'On cumulative pension provision of citizens', Halk Bank is the only organization that accumulates accounts of citizens who are included to the cumulative pension system.
The official exchange rate for Aug. 14 is 2340.19 soums/$1
Edited by CN