Tashkent, Uzbekistan, Apr. 3
By Demir Azizov - Trend:
The National Bank for Foreign Economic Activity, the largest commercial bank in Uzbekistan, increased in 2014 its assets by 15.1 percent versus 2013 - up to 12.918 trillion soums, according to the 2014 financial report posted on the bank's website.
The official exchange rate on April 3 is 2490.23 soums/$1.
According to the report, the bank's loan investments last year rose by 17.8 percent up to 8.039 trillion soums, as well as the investment loans and leasing increased by 9.2 percent up to 6.618 trillion soums.
The total liabilities, in late 2014, were 11.647 trillion soums, rising by 15.1 percent, as well as the legal entities' deposits were 4.18 trillion soums (a growth by 33.5 percent), and the individuals' deposits were 859.646 billion soums (a growth by 23.3 percent).
The equity capital of the National Bank for Foreign Economic Activity of Uzbekistan increased by 14.9 percent as of 2014 and stood at 271.276 billion Uzbek soums including the authorized capital worth 125.946 billion soums.
The National Bank for Foreign Economic Activity of Uzbekistan was founded in September 1991 as a government agent in international financial markets. Currently, it operates as a universal commercial bank and is fully owned by the state.
The bank's structure includes 14 regional divisions, 90 branches and subsidiary Asia-Invest Bank in Moscow, Russia. Around two million individuals and legal entities are the bank's customers.
At present, there are 26 commercial banks in the banking system of Uzbekistan, including three state-owned banks, 10 joint stock banks, eight private ones and five banks with the participation of foreign capital (Hamkorbank, Savdogar, KDB Bank Uzbekistan JSC, Uzbekistan-Turkish bank JSC and subsidiary of the Iranian bank Saderat).
In 2014, the total assets of Uzbek banks increased by 28.3 percent - up to 56.2 trillion soums (UZS), the total loan portfolio of banks in the country - by 31.3 percent to 34.8 trillion soums, the aggregate bank capital during the year increased by 25.5 percent - up to 6.9 trillion soums.
Edited by CN