Tashkent, Uzbekistan, April 18
By Demir Azizov - Trend:
The Uzbek National Bank for Foreign Economic Activity, the largest commercial bank in the country, increased its assets, by 19.7 percent up to 11.305 trillion soums in 2013 compared to 2012, a source in government circles told Trend on April 17.
These calculations were made according to International Financial Reporting Standards (IFRS).
The bank's loan portfolio increased by 24.2 percent - up to 6.843 trillion soums, the liabilities - by 18.2 percent to 10.128 trillion soums in 2013, according to the source.
The bank's share capital as of 2013 increased by 34.5 percent - up to 1.177 trillion soums.
The National Bank gained a net profit worth 37.824 billion soums as of 2013 compared to 97.073 billion soums in the previous year (a 2.6 times decrease).
The bank was established in September 1991 as a government agent in international financial markets. Currently, it acts as a universal commercial bank.
The Uzbek Cabinet of Ministers is the only shareholder of the bank.
The bank has 14 regional offices, 92 branches, AsiaInvestBank subsidiary in Moscow. The bank serves three million physical and legal entities. The correspondent relations were established with 650 foreign banks.
The Uzbek banking system includes 27 commercial banks, including three state banks, four banks with foreign capital, 11 joint-stock and nine private banks.
The total assets of Uzbek banks increased by 30.2 percent to 43.9 trillion soums, the total loan portfolio - by 29.9 percent to 26.5 trillion soums, the aggregate bank capital - 4.8 percent to 6.5 trillion soums in 2013 compared to 2012.
The official exchange rate is 2272.02 soums/$1 on April 18.
translated by NH
edited by CN