Uzbekistan, Tashkent, June 18 / Trend, D. Azizov /
The net income of Uzbek open joint-stock Turonbank commercial bank, which is one of the country's medium-sized banks in terms of core banking indicators, audited by International Financial Reporting Standards (IFRS) amounted to 6.136 billion soum in 2012, which is 1.5 times more than in 2011, the bank's annual report said.
According to the report, the bank's assets last year grew by 43.1 percent to 651.513 billion soum, whereas loans increased by 25.7 percent to 314.914 billion soum.
Liabilities increased by 44 percent to 612.284 billion soum, including customer deposits that increased 2.4-fold (to 491.809 billion soum).
In the total amount of deposit investment, demand deposits amounted to 406.35 billion soum, a double increase compared to 2011. The volume of savings deposits decreased by 54.5 percent to 722.975 million soum, and term deposits increased by three percentage points to 84.735 billion soum.
The bank's equity by the end of last year amounted to 39.227 billion soum compared to 29.941 billion soum in the previous year (an increase of 1.3 times). The share capital increased by 38.6 percent to 36.755 billion soum in the beginning of 2013.
Turonbank was formed in Uzbekistan in October 1990 by the Ministry of Agriculture and Water Resources of Uzbekistan and its affiliated companies. Turonbank's major shareholders are Energokimyomarkaz LLC (19.4 percent), Tabiat Mehri farm (16.1 percent), Infrastruktura LLC (14.35 percent).
The bank's structure includes 15 branches in all regions of the country, more than 100 units of banking services, including a network of retail services, exchange offices and savings banks in all regions of Uzbekistan.
The official exchange rate on June 18 is 2090.70 soum / $ 1.