Uzbekistan, Tashkent, April 19 / Trend D. Azizov /
The Asaka State Joint-Stock Commercial Bank, the second largest bank on the main banking indices in the Uzbek financial system, reduced its assets, calculated according to the national accounting standards by 10.4 per cent up to 3.853 trillion soums in January-March 2013 compared to 2012, a bank representative told Trend today.
According to the report, the total volume of credit investments including leasing increased by one per cent up to 1.869 trillion soums in the first quarter.
Long term loans hit 1.565 trillion soums in the structure of the loan portfolio or 83.7 per cent. Around 1.346 trillion soums (72 per cent of the total volume of loan portfolio) were allocated to finance investment projects.
The total capital of the bank has increased by 5.7 per cent up to 620.16 billion soums since early 2013. The bank's authorised capital has been formed to the sum of 394.88 billion Soums.
At present, the bank's shareholders are the Finance Ministry with 60.97 per cent of shares, Uzavtoprom - 14.58 per cent and the Uzbek Reconstruction and Development Fund - 14.56 per cent.
Asaka Bank was established in 1996. It is mainly involved in lending to the automotive industry.
The bank has 26 subsidiaries, mini-banks, some savings and special cash desks receiving utility bills. Corresponding relations were established with more than 170 CIS banks and foreign countries.
In 2012, Asaka State Joint-Stock Commercial Bank increased its assets calculated in accordance with National Accounting Standards, by 21.7 per cent compared to the corresponding figure in 2011, up to 4.3 trillion soums, credit investments by 16.5 per cent (to 1.85 trillion soums) and equity by 20 per cent (up to 586.5 billion soums).
The official exchange rate is 2.054.30 soums/ $1 on April 19.