Uzbek banks' total assets increase by over 30 percent in 2011

Business Materials 23 January 2012 13:57 (UTC +04:00)

Uzbekistan, Tashkent, Jan. 23 / Trend D. Azizov /

The total assets of Uzbek commercial banks increased by 32.4 percent in 2011 and amounted to 27.45 trillion sums in 2011 compared to 2010, the Central Bank of Uzbekistan said on Monday.

The total loan portfolio of banks increased by 35.6 percent since early 2011 - up to 15.65 trillion sums. The share of long-term loans in total loan portfolio for a period of more than three years hit over 75 percent in 2011.

The amount of loans allocated by banks for investment purposes grew by 37 percent -up to 4.4 trillion sums.

Banks issued loans totaling 4.04 trillion sums and microcredits worth 752 billion sums to enterprises of small businesses and private entrepreneurship in 2011, which is 1.5 times more than in 2010.

The aggregate bank capital increased by 30 percent in 2011 -up to 5.334 trillion sums as of Jan.1, 2011.

The total amount of deposits attracted by banks amounted to 18.04 trillion sums increasing by 36.3 percent. Deposit of population increased by 38.8 percent - up to 6.17 trillion sums.

The Uzbek banking system is represented by 30 banks, including three state, five - with foreign capital, 12 - joint stock and 10 - private.

Total assets of Uzbek banks increased by 32.1 percent and amounted to 20.739 trillion sums in 2010 compared to 2009, the total loan portfolio - 35 percent up to 11.539 trillion sums, the aggregate bank capital - by 36.2 percent - up to 4.1 trillion sums.
The official exchange rate is 1.804.31 sums per $1 on Jan.23.