Uzbek Asaka Bank increases assets
Uzbekistan, Tashkent, July 15 / Trend D.Azizov /
The Asaka Uzbek state joint stock commercial bank increased its assets calculated according to national accounting standards (NAS) by 28.4 percent up to 2.3 trillion soums in January-June 2010 compared to the figure in 2009, the bank reported. .
According to the bank, the total loan portfolio, including loans to customers and related financial instruments, increased by 38.2 percent - up to 1.4 trillion soums. Private banking capital increased by 5.5 percent and amounted to 373 billion soums as of July 1, 2010(given the authorized capital of $ 300 billion soums formed in early 2010).
Asaka was founded in 1996. Its main activities are lending in the automotive industry.
The bank's main shareholders are the Finance Ministry with 66.65 percent, the Uzbek Reconstruction and Development Fund with 16.67 percent, and Uzavtoprom with 0.68 percent.
In 2009, the bank increased its assets by 19.1 percent to 1.791 trillion soum, its loans by 12.9 percent to 860.8 billion soum, and its authorized capital by 83.8 percent to 357.3 billion soum.
The bank has branches in all the country's regions, 107 mini-banks, 892 savings banks and 84 special pay desks to receive utility bills. Correspondent relationships have been established with over 170 banks in the CIS and abroad.
The Uzbek banking system is represented by 32 banks, including three state banks.
The official exchange rate is 1600.58 soum per $1 June 30.
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