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Uzbek banks increase total assets

Uzbekistan Materials 1 May 2015 13:21 (UTC +04:00)
The total assets of the commercial banks in Uzbekistan in Q1 2015 stood at 56.6 trillion soums, the country’s central bank said a message Apr. 27.
Uzbek banks increase total assets

Tashkent, Uzbekistan, Apr. 27

By Demir Azizov - Trend:

The total assets of the commercial banks in Uzbekistan in Q1 2015 stood at 56.6 trillion soums, the country's central bank said a message Apr. 27.

The official exchange rate as of Apr. 27 is 2507.40 soums/$1.

Meanwhile, in 2014, the total assets of the commercial banks of Uzbekistan were 56.2 trillion soums, and their total capital stood at 6.9 trillion soums.

Thus, in Q1 2015, the total assets of the Uzbek banks rose by 0.7 percent, compared to last year's figures.

Accordingly, the total loan portfolio of the Uzbek banks increased by 0.6 percent - up to 35 trillion soums, the message said.

In early April 2015, the total volume of deposits attracted by the country's banks amounted to 28.6 trillion soums. In early 2015, the figure stood at up to 28.5 trillion soums (a growth of 0.4 percent).

In Q1 2015, the aggregate bank capital, compared to the totals in 2014, did not change and remained at 6.9 trillion soums.

Today, Uzbekistan's banking system has 26 commercial banks, including three state-run banks, 11 joint banks, seven private banks, and five banks operating with the involvement of the foreign capital (Hamkorbank, Savdogar, KDB Bank Uzbekistan, Uzbekistan-Turkish Bank and the subsidiary of the Iran's Saderat bank).

As previously reported, in 2014, the Uzbek banks' total assets increased by 28.3 percent up to 56.2 trillion soums, the total loan portfolio of the banks rose by 31.3 percent up to 34.8 trillion soums, and the total equity bank capital increased over the year by 25.5 percent up to 6.9 trillion soums.

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