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Alokabank assets increase in January-September

Business Materials 18 October 2011 11:21

Uzbekistan, Tashkent, Oct.18 / Trend D. Azizov /

Alokabank has increased its assets by 22.5 percent in January-September compared to 2010 to 422.1 billion soums, the bank said.

The bank's equity capital increased since early year by 13.5 percent to 73.4 billion soums given the authorized capital worth $50 billion soums.

Its net income in January-September rose by 53 percent compared to the same period to 5.5 billion soums.

Alokabank was founded in 1995 by the Cabinet of Ministers' order. Its founders are the enterprises and organizations of the Uzbek Agency of Communication and Information.

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