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Uzpromstroybank increases assets by 26 percent in 2010

Business Materials 26 January 2011 16:55 (UTC +04:00)
Assets of open joint stock commercial bank Uzbek Industry-Construction Bank (Uzpromstroybank) grew by 26 percent and amounted to 1.999 trillion soums in 2010 compared to 2009, the bank’s leadership said.

Uzbekistan, Tahskent, Jan.26 / Trend, D.Azizov /

Assets of open joint stock commercial bank Uzbek Industry-Construction Bank (Uzpromstroybank) grew by 26 percent and amounted to 1.999 trillion soums in 2010 compared to 2009, the bank's leadership said.

Bank's loan portfolio last year increased by 14.1 percent and amounted to 1.433 trillion soum, own capital grew by 24.6 percent - up to 214.94 billion soums with the formed authorized capital worth 123.75 billion soums.

The bank's authorized capital is divided into 48 million ordinary and 2 million preference shares with par value of 2.475 thousand soums each.

The bank's shares are owned by 35,062 shareholders, including 31,500 physical persons and 3,562 legal entities. The biggest shareholders are the Uzbek Finance Ministry (35 percent equity) and the Reconstruction and Development Fund (26 percent).

Uzpromstroybank is the oldest bank in Uzbekistan was created in 1922 and re-registered in 1991. The main activity is crediting of enterprises of the industry's strategic branches. The bank has 45 branches, 176 savings banks, 65 mini-banks located in all regions of the republic and a representative office in Moscow.

Official exchange rate is 1650.84 soums to $1 on Jan.26.

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