Uzbekistan’s National Bank increases capital by 13 percent in Jan-Sept
Uzbekistan, Tashkent, Nov.12 / Trend, D.Azizov /
Aggregate capital of National Bank of Uzbekistan for Foreign Economic Activity (NBU) made up 759.3 billion in nine months of 2010, the bank's communications department said.
Loan portfolio of the bank made up 3,494.4 million soums increasing 49.6 percent in the reporting period.
The NBU allocated over $617.8 million and 1.067 trillion soums to implement Anti-Crisis Programme, support real sector of economy to re-equip and modernize capacities.
Within the programme on support and development of small businesses, the bank considered projects of the businesses on using credit lines of foreign banks and financial institutions, as well as off-budget funds of Uzbekistan and own resources. The bank selected 238 projects with total cost of $555.2 million within using resources of foreign credit lines and financed projects for $321.38 million in the reporting period.
As it was reported earlier, in accordance with national accounting standards (NAS), the bank's assets in 2009 increased by 14.3 per cent - to 4.572 trillion soums, the amount of credit investments by 5.2 percent - to 2,335 trillion soums, capital - by 11.8 percent - to 670.2 billion soums.
The National Bank for Foreign Economic Activity of Uzbekistan was founded in September of 1991 as an agent of the government in international financial markets, at present acts as a universal commercial bank. Share of the National Bank for Foreign Economic Activity of Uzbekistan in the aggregate assets of the banking system of Uzbekistan is about 30 percent.
The Bank has approximately 100 branches and offices, a subsidiary bank "AsiaInvestBank" in Moscow. The bank serves about 2.2 million physical and legal entities. Correspondent relations have been established with 630 foreign banks. Correspondent network of NBU currently covers 653 banks, of which 625 are foreign banks in 72 countries and 28 banks in Uzbekistan.
The Uzbek banking system includes 32 banks, including three state banks.
In 2009, Uzbek banks' total assets grew by 30.2 percent up to 15.703 trillion soums, their loan portfolio by 34.3 percent up to 8.557 trillion soums, and their capital by 38.7 percent up to 3,104 trillion soums.
In January - September, the Uzbek banks increased the amount of aggregate assets by 28.1 percent compared to figures of 2009 - to 20.111 trillion soums, the total loan portfolio increased from early year by 33.1 percent - to 11.385 trillion soums, the aggregate bank capital increased by 18.2 percent in January-September- to 3.558 trillion soums as of Oct. 1, 2010.
Official exchange rate is 1629.27 soums to $1 Nov.11.