Uzbek bank ups assets by three times in 2011
Uzbekistan, Tashkent, April 24 / Trend D. Azizov /
Uzbek private open joint-stock commercial bank Asia Alliance Bank increased its assets, calculated according to International Financial Reporting Standards (IFRS) by 2.8 times to 252.979 billion soums in 2011 compared to the same period of 2010, the bank said today.
In particular, the loan portfolio last year increased by 3.3 times - up to 41.292 billion soums, the bank's fixed assets increased by 12 times - up to 13.715 billion soums.
Asia Alliance Bank in 2011 increased the amount of liabilities by 2.9 times - up to 225.338 billion soums. The volume of deposits increased by 3.1 times - up to 220.409 billion soums.
The volume of demand deposits increased by three times - up to 206.589 billion soums, savings deposits - by 7.4 times - up to 1.694 billion soums and term deposits - by 6.7 times - up to 10.077 billion soums.
The bank's equity hit 27.64 billion soums as of early 2012 and increased twice per year. The bank's stock increased by 15.3 percent - to 15.44 billion soums, the undistributed profit of previous years increased five-fold - to 12.2 billion soums.
The bank's net profit amounted to 9.817 billion soums as of 2011 compared to 2.328 billion soums in 2010 (increased by 4.2 times).
The Uzbek banking system is represented by 30 banks, including three state, five - with foreign capital, 12 - joint stock and 10 - private.
The official exchange rate is 1856.15 soums / $ 1 on April 24.