People’s Bank of Uzbekistan increases its assets by 12 per cent in the first quarter

Uzbekistan, Tashkent, June 5 /Trend, D. Azizov/

In the first quarter of 2013, Halk Bank (People's Bank), an Uzbek state-run commercial bank, increased its assets calculated in accordance with national bookkeeping standards by 12.2 per cent compared to 2012 to 2.411 trillion soums, Halk Bank's representative told Trend.

According to the report, in January-March Halk Bank's loan portfolio increased by 18.2 per cent up to 1.267 trillion soums, including credit investments directed towards financing of industrial sector projects which made 21 per cent of the total loan portfolio. In the agricultural sector it was 26 per cent, in construction 13 per cent, in the transport, communications, logistics and sales sectors it was five per cent each and in other sectors 21 per cent.

The total amount of deposits, excluding interbank investments, amounted to 1.701 trillion soums (a 4.5 per cent increase) as of the beginning of April. The balance of funds of the population exceeded 1.083 trillion soums (a 6.3 per cent increase).

The bank's equity capital increased by 9.8 per cent up to 301.3 billion soums in three months considering the formed authorised capital of 200 billion soums.

The bank's authorised capital consists of 400,000 ordinary shares with a nominal value of 500,000 soums. Founders of the bank are Uzbek Finance Ministry and the Central Bank of Uzbekistan, which own 51 per cent and 49 per cent of the shares respectively.

Halk Bank was restructured from the Republican Savings Bank of Uzbekistan in 1995. The bank is the government's agent responsible for the implementation of social programmes and operates as a universal commercial bank. In accordance with the law 'On cumulative pension provision of citizens', Halk Bank is the only organisation that accumulates accounts of citizens who partake in the cumulative pension system (CPS).

As of today, the People's Bank is one of the largest in Uzbekistan's banking system. Its structure includes 14 regional and 184 district and municipal branches and more than 3500 branches and savings banks.

Uzbekistan's banking system is currently represented by 30 banks including three state banks, five banks with the participation of foreign capital and 13 joint-stock and nine private banks.

In 2012, the total assets of commercial banks increased by 32.8 per cent to 2.148 trillion soums compared to 2011, the total loan portfolio by 41.8 per cent (to 1.072 trillion soums) and the aggregate bank capital by 17.2 per cent (to 274.5 trillion soums).

The official exchange rate is 2081.59 soums / $1 on June 3

Kazakhstan's only lowcoster launching direct flights to Turkey
Kazakhstan's only lowcoster launching direct flights to Turkey
Uzbekistan, Belarus agree on increasing permits for road transport of goods for 2021
Uzbekistan, Belarus agree on increasing permits for road transport of goods for 2021
Turkmenistan defines tasks for "Single Window for export-import operations"
Turkmenistan defines tasks for "Single Window for export-import operations"
Loading Bars
Latest
Fidelity Investments Inc acquires shares of Bank of Georgia
Deposits dev’t of Turkmenistan’s Uzynada field to increase oil, gas condensate production
Kazakhstan's only lowcoster launching direct flights to Turkey
Azerbaijan names amount of compensations paid to closed banks' depositors
Georgia reports 390 new COVID-19 cases for March 5
Russia documents 11,024 COVID-19 cases in 24 hours
Turkmenistan plans to drill new wells at North Goturdepe field
Public catering turnover for January 2021 in Baku drops
Kazakhstan to commission several new petrochemical plants
Kazakhstan preparing concept for further Kashagan field dev't
Uniper increases natural gas sales
Uniper sees €160 million increase in adjusted net income y-o-y
International Fund for Agricultural Development helping Georgia modernize agriculture sector
Uzkimyosanoat, Shell talk modernization of Uzbekistan’s chemical enterprises
Kazakhstan’s Almaty Power Stations JSC opens tender for electrical work services
Kazakhstan boosts trade turnover with China in 2020
President Ilham Aliyev delivers speech at congress of ruling party
With OPEC+ restraint in place during April, upward pressure on prices to continue
President Aliyev sends condolences to President Erdogan regarding helicopter crash
Uzbekistan, Belarus agree on increasing permits for road transport of goods for 2021
Rosselkhoznadzor allows number of Uzbek companies to import tomatoes to Russia
Saipem to take part in green hydrogen hub creation in Italy
Kazakhstan announces 2021 oil production plans
Average monthly salary in Baku in 2020 grows
Azerbaijan shares footage from Fuzuli's Yukhary Rafadinli village (VIDEO)
US congressman Steve Cohen issues statement on Khojaly tragedy's anniversary
Kazakhstan to start partial sales of petroleum products through commodity exchanges
Turkmenistan defines tasks for "Single Window for export-import operations"
Kazakhstan to increase oil extraction volumes within OPEC+ agreement
Kazakhstan’s KazTransOil opens tender for wells servicing
Azerbaijan's Aghdam - now huge field of ruins, BBC report says (VIDEO)
Southern Gas Corridor CJSC's needs for cash in 2021 to be fully covered by proceeds from projects
Azerbaijani currency rates for March 5
Uzbek chemical production company to buy technological equipment via tender
Azerbaijani oil prices on the rise
Creator of Tukish 'Bayraktar' UAV talks General, who died in helicopter crash
Uzbekistan reveals its COVID-19 data for March 5
Ceyhan terminal transships over 36 million tons of ACG oil since early 2021
Oil prices surge as OPEC+ extends output cuts into April
Uzbekistan’s fiscal policy to continue supporting economic recovery - Fitch Ratings
Azerbaijani FM extends condolences to Turkey over helicopter crash
Kazakhstan eyes to strengthen interaction with int'l financial organizations
Azerbaijan's Ministry of Ecology plans to implement projects in liberated territories
Azerbaijan records growth in Jan.2021 lending to agricultural sector
Turkmenistan's Balkan region opens tender for recreation center construction
Kazakhstan’s COVID-19 daily case count stands at 857
Turkey reports 11,322 new COVID-19 cases
Official says satisfied with results of human trial of Iranian COVID-19 vaccine
WHO Europe hopeful Covid-19 vaccines arrive in Georgia in coming weeks
Azerbaijani defense minister expresses condolences to Turkish side
China sets modest GDP growth target as economy improves
Kazakhstan may take part in restoration of Azerbaijani liberated lands
Vanuatu, New Caledonia, Tonga evacuate people over tsunami threat
6.5-magnitude quake hits Kermadec Islands region
Uzbek and Belarusian experts to exchange experience in standardization
Italy reports nearly 23,000 new COVID-19 cases as some see "third wave"
5.9-magnitude quake jolts central Greece, no injuries reported
Georgian Railway expects to refinance Eurobonds
UK records another 6,573 coronavirus cases, 242 deaths
Azerbaijan agrees to continue existing oil production cuts in April (PHOTO)
7.3-magnitude quake hits waters off New Zealand
Armenia can also benefit from regional transportation projects if behaves in normal way - President Aliyev
Azerbaijan becomes one of Eurasia's main and reliable transportation, logistics hub - President Aliyev
We invite ECO member states to benefit from “Zangazur corridor” - President of Azerbaijan
We condemn unequal, unfair distribution of vaccines among developing and developed countries - President Aliyev
Now we are looking into future - President Aliyev
Military victory over Armenia on battlefield was also fully accomplished by political ways - President Aliyev
Stronger Turkey is, stronger is Azerbaijan and all its partners - President Aliyev
IAEA chief: Technical meeting with Iran to be held in April
WHO praises Georgia for curbing Covid-19
Belarusian BELAVIA airlines operating one-way flights on Baku-Minsk route
Macron to spare Paris region from weekend lockdown, for now
Kazakhstan determines priorities of foreign policy
Compliance services become more relevant in Azerbaijan - PASHA Bank
Several servicemen killed in military helicopter crash in Turkey
Azerbaijan doing everything to create new transport infrastructure in South Caucasus – Russian analyst
New reality created in South Caucasus - head of department at Istanbul Kadir Has University
Demining of Azerbaijani lands complicated by Armenia’s refusal to provide maps of minefields - Expert
Long-awaited end to Karabakh conflict creates new opportunities - Former US ambassador to Azerbaijan
Azerbaijan shows footage from Kechikli village of Zangilan district (VIDEO)
Azerbaijan interested in strengthening export and investment potential with Argentina
President Aliyev gives speech at virtual Summit of Economic Cooperation Organization (PHOTO/VIDEO)
MFA shares potential sectors of Lithuanian investment in Georgia
Georgian kiwi enters Japanese market
Azerbaijan's ENGINET company talks unique solutions for local market
Kazakh gold extracting venture opens tender to buy spares
Kazakhstan intends to attract funds to improve energy efficiency of facilities
Volume of food products sold in Baku's trade network increases
Georgia shows progress in curbing coronavirus cases - WHO
Azerbaijani Finance Ministry allocates funds for maintenance services
Restaurant business subsidizing program launched in Tbilisi
UK's Johnson says Brexit problems in Northern Ireland are solvable
Supporting Member Country ECAs: ICIEC endorse supportive reinsurance treaty with JLGC
Uztekstilprom, French Proparco talk profitable financing for textile projects
Georgian consulting company launching project for female entrepreneurs
Georgian wine export to US down
Russia and Azerbaijan lead in import of electricity to Georgia
Several low-cost airlines resume flights to Georgia
Azerbaijan-Belarus foreign trade operations for Jan. 2021 revealed
Azerbaijan confirms 124 more COVID-19 recoveries
All news