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Uzbek bank increases assets by over 40 percent in 2012

Business Materials 11 June 2013 19:14 (UTC +04:00)

Uzbekistan, Tashkent, June 11 /Trend, D. Azizov/

The Uzbek open joint stock commercial Kapitalbank, which is included in the group of medium banks, increased its assets calculated by international financial reporting standards (IFRS) by 36.6 percent to 688.685 billion soums compared to 2011, the bank's balance sheet said today.

According to the report, the bank's loan portfolio increased by 33.1 percent - up to 260.266 billion soums.

The bank's liabilities increased by 37.6 percent - up to 654.238 billion soums. Of the total liabilities due to customers.

Client funds totaled 595.034 billion soums of the total amount of liabilities compared to 442.425 billion soums in 2011 (an increase of 34.5 percent).

The bank's equity increased by 21.5 percent - up to 34.446 billion soums, given the share capital to the amount of 33.917 billion soums (up to 7.2 percent).

As of 2012, the bank earned net profit worth 3.74 billion soums compared to 11.438 billion soums in the previous year (a decrease of 3.1 times).

Kapitalbank was established in May 2000 in the form of a private joint stock bank.
The largest shareholders, according to the Bank, are the Express Leasing - 19.82 percent, and Markaz Yog - 15.13 percent.

The banking system of Uzbekistan is currently represented by 29 banks, including three state, four - with foreign capital, 13 - joint-stock and 9 - private.

The Uzbek banks' total assets increased by 30.2 percent to 35.7 trillion soums, the total loan portfolio - by 30.5 percent (up to 20.4 trillion soums), the aggregate bank capital - by 24.3 percent (up to 6.2 trillion soums) in 2012 compared to 2011.

The official exchange rate on June 11 is 2.088.09 soums/$1.

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