Uzbek bank’s assets up by 29 per cent in 2012
Uzbekistan, Tashkent, Jan. 24 /Trend D.Azizov/
Uzbek Alokabank increased its assets, calculated in accordance with the National Accounting Standards, by 29 per cent up to 629 billion soums in 2012. compared to 2011, the bank said.
The bank's equity capital, taking into account the authorized capital of 60 billion soums, increased by 32 per cent to 105.3 billion soums.
A net profit of Alokabank amounted to 14.7 billion soums in 2012 compared to 10.2 billion soums the previous year. The figure increased by 44 per cent.
Alokabank, a medium-size bank, was established according to the Cabinet of Ministers' resolution in 1995. The bank specializes in issuing credits to telecommunications facilities.
The bank has 12 office branches in the country, 27 mini-banks, 38 savings branches, 35 currency exchange points, and 18 international money transfer points.
The bank's stock is shared among over 3,000 shareholders. The bank's biggest shareholders are the Information and Communications Technologies Development Center and Electromagnetic Compatibility Center, which are part of the UTIA and hold 19.99 per cent each, as well as the Tashkent Information Technologies University (14.71 per cent).
In 2011, the bank increased its assets, calculated in accordance with the national accounting standards by 42 per cent up to 488 billion soums compared to 2010. The bank's equity capital in 2011 increased by 23 per cent - to 79.7 billion soums,
The official exchange rate on Jan. 24 is 1993.53 soums/$1.