Uzbekistan, Tashkent, July 11 /Trend D.Azizov/
Open Joint-Stock Commercial Aloqabank of Uzbekistan increased its assets calculated on the International Financial Reporting Standards (IFRS) by 26 percent in January-June up to 528.4 billion soum compared to the totals in 2011, bank representative told Trend on Wednesday.
Bank liabilities increased by 8.2 percent, to 436.5 billion soum during the first half of the year.
From the beginning of the year, Aloqabank equity increased by 15.3 percent - up 91.9 billion soum in the light of the authorized capital of $60 billion soum.
The bank's profit increased by 13 percent during the period to 4.6 billion soum.
Shares of the credit institution are divided among more than three thousand shareholders. The largest shareholders are fund of information and communication technologies (ICT) and the Center for Electromagnetic Compatibility (TSEMS) which are the part of the structure of the Uzbek Agency for Communication and Information (UzACI), JSC Uzbekistan pochtasi JSC Uzbektelecom, with about 20 percent of share each organization, and Tashkent University of information Technology - 14 percent.
Aloqabank, referring to the number of medium-sized banks in Uzbekistan, was founded in 1995 by order of the Cabinet of the ministers. The main activity of the bank is lending to enterprises and telecommunications complex. Its founders are companies and organizations of the Uzbek Agency for Communication and Information (UzACI). There are 12 branches in all regions of the country, 27 mini-banks, 38 savings banks, 35 exchange points, 18 points of the international money transfer in the structure of the bank.
Official exchange rate on July 11 is 1892.59 soum/$1