Uzbekistan, Tashkent, June 18 / Trend, D. Azizov /
The Qishloq Qurilish Open Joint Stock Commercial Bank (Rural Construction Bank), one of the five largest banks in Uzbekistan, increased its assets by 52.6 percent - up to 2.596 trillion soums in 2012, the bank's balance sheet said today.
According to the report, the bank's loan portfolio increased by 51 percent - up to 1.341 trillion soums in 2012.
The bank's volume of liabilities increased by 58.3 percent - up to 2.387 trillion soums in 2012. Customers' deposits reached 737.787 billion soums or 30.5 percent more than in 2011.
According to the report, demand deposits as the total volume of deposits amounted to 133.285 billion soums (increased by 20.2 percent compared to 2011), savings deposits - 92.741 million soums (decreased by 8.1 times), fixed-term deposits - 592.799 billion soums (increased by 1.4 times).
The bank's equity for the year increased by 7.7 percent - to 208.288 billion soums. The share capital, calculated at market value, increased by 5.7 percent in 2012 and hit 183.909 billion soums as of early 2013.
As of 2012, the bank gained a net profit worth 6.102 billion soums compared to 4.478 billion soums in the previous year (increased by 36.3 percent).
Qishloq Qurilish bank was established in March 2009 by an order of the Uzbek President through Gallabank.
The bank specializes in lending and rendering banking services to the population and legal entities to ensure their needs in housing and communal, social needs within the state program of rural development.
The main shareholders are the Uzbek Ministry of Finance with a share of 58.1 percent and the Uzbek Fund for Reconstruction and Development - 23.7 percent.
The bank has 32 branches, 80 mini-banks, 79 savings banks and 71 foreign currency exchanges, 17 international money transfer points. The client base includes more than 60,000 enterprises, small and medium-sized businesses.
"Qishloq Qurilish bank" has been exempt from paying income taxes and property taxes until 2016.
The bank's assets audited upon the International Accounting Standards increased by 1.7 times up to 1.701 trillion soums, credit portfolio - by 1.8 times (up to 888.186 billion soums), liabilities - 76.4 percent (up to 1.508 trillion soums), equity - by 12.4 percent (up to 193.494 billion soums) in 2011 compared with 2010.
The official exchange rate is 2.090.70 soums/1$.