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Uzbek bank increases assets since early 2016

Uzbekistan Materials 20 April 2016 20:52 (UTC +04:00)
The assets of the State Joint Commercial Bank Asaka amounted to 8.1 trillion Uzbek soums in Q1 2016.
Uzbek bank increases assets since early 2016

Tashkent, Uzbekistan, Apr. 20

By Demir Azizov- Trend:

The assets of the State Joint Commercial Bank Asaka amounted to 8.1 trillion Uzbek soums in Q1 2016, read the bank's message posted on its website.

Asaka State Joint-Stock Commercial Bank is the second one in Uzbekistan on the amount of main banking indexes.

The bank's assets calculated upon the national accounting standards totaled 7.4 trillion soums according to the results of 2015. Thus, the bank's total assets increased by 9.5 percent in January-March 2016.

Asaka's volume of credit investments, including leasing amounted to 3.9 trillion soums versus 3.4 trillion soums in 2015 (increase by 14.7 percent).

The balance on deposit accounts of the population grew by 5.5 percent - up to 632.1 billion soums since the beginning of 2016.

Asaka's equity increased by 4.4 percent - up to 915.7 billion soums.

Asaka bank was established in 1996. The bank is mainly involved in lending to the automotive industry.

Asaka's total assets increased by 37.5 percent and totaled 7.4 trillion soums in 2015 as compared to 2014. This is while its equity increased by 14.2 percent and stood at 915.7 billion soums.

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