Uzbek-Korean UzKDB Bank Uzbekistan increased net profit by 14 percent

Uzbek-Korean UzKDB Bank Uzbekistan increased net profit by 14 percent

Uzbekistan, Tashkent, June 25 / Trend D.Azizov /

The net profit of the Uzbek-Korean UzKDB Bank Uzbekistan (former UzKDB Bank), calculated in accordance with International Financial Reporting Standards (IFRS), amounted to 14.951 billion soums in 2012, compared to 13.077 billion soums in the previous year (an increase of 14.3 per cent), a balance sheet published in the media outlets says.

The bank's assets last year grew by 2.5 per cent up to 788.723 billion soums and the loan portfolio grew by 6.3 per cent up to 67.33 billion soums, the bank's report said.

In 2012 UzKDB Bank Uzbekistan increased the extent of its obligations by 3.5 per cent up to 712.867 billion soums. Clients' funds in total volume of liabilities amounted to 605.406 billion soums compared to 671.96 billion soums in 2011. (a decrease of 9.9 per cent).

The bank's aggregate capital increased by 24.6 per cent and amounted to 75.856 billion soums on December 31, 2012, taking into consideration the authorised capital of 25.136 billion soums.

In December 2010, the Korea Development Bank (KDB) purchased a share of British bank The Royal Bank of Scotland (RBS) in the Royal Bank of Scotland Uzbekistan (RBS Uzbekistan) at a rate of 82.35 per cent. The cost of the purchased package was not disclosed.

In December 2012 during general meetings, the shareholders of UzKDB Bank and RBS Uzbekistan approved the banks' merger agreement, the act of transmission on the integration of the two banks, as well as made a decision on renaming the UzKDB Bank CJSC to KDB Bank Uzbekistan.

In March of this year, the deal was approved by a special resolution of the Government of Uzbekistan.

In March, the Central Bank of Uzbekistan reissued the licence to carry out the banking operations for the Uzbek-Korean JSC UzKDB Bank, in connection with the merger with CJSC Royal Bank of Scotland Uzbekistan MB, as well as renaming JSC UzKDB Bank to CJSC KDB Bank Uzbekistan. KDB carries out the management of the bank.

As a result of the merger of UzKDB Bank and RBS Uzbekistan, the largest bank to date with the participation of foreign capital was created in Uzbekistan.

Shareholders of RBS Uzbekistan which was created in 1996 as a closed joint-stock company are KDB (82.35 per cent of shares) and National Bank for Foreign Economic Activity of Uzbekistan (nearly 17.6 per cent. Shareholders of UzKDB Bank are KDB (88.8 per cent), the National Bank for Foreign Economic Activity of Uzbekistan and the Uzbek bank Turon with 5.6 per cent each.

The official exchange rate on June 26 - 2093.10 sum / $ 1.

Georgian parliamentary committees to hear report on HPP construction
Georgian parliamentary committees to hear report on HPP construction
Georgia 1st among best destinations for vaccinated travellers in 2021
Georgia 1st among best destinations for vaccinated travellers in 2021
IMF, Georgia review agenda of bilateral cooperation
IMF, Georgia review agenda of bilateral cooperation
Loading Bars
Latest
WHO calls for strengthening women's leadership during COVID-19
Number of new COVID-19 cases in Spain continues to fall
PayPal buys Israeli cyber security company
France reports 359 new COVID-19 deaths, ICU admissions hit new high
EU to receive 100 mln vaccine doses per month from April: von der Leyen
Canada set to mourn COVID-19 victims, salute health workers on March 11
UK PM says higher risk of virus transmission "inevitable" as schools reopen in England
Finnish researchers develop nasal spray COVID-19 vaccine
Germany starts easing COVID-19 lockdown
Conversations ongoing on potential projects between Turkmenistan, UK
Exports to Iraq via Mehran crossing top $460m
Turkey passes 10 million mark in COVID-19 vaccinations
Georgian parliamentary committees to hear report on HPP construction
Official representative of Presidential Administration of Azerbaijan thanks Israel for medical assistance - Israel HaYom
UN chief urges countries to adopt special measures, quotas to advance women's equal participation
UK records another 4,712 coronavirus cases
Supreme Court rejects final Trump election challenge
India may start full operations at Chabahar port by May end
Iran profits from gas transmission development
Georgia 1st among best destinations for vaccinated travellers in 2021
Erdogan, Johnson discuss bilateral developments over phone
Electricity consumption in February amounted to 1.6 bln kWh in Kyrgyzstan
US coronavirus cases exceed 29 mln
Yellen says Biden COVID bill to fuel 'very strong' U.S. recovery
Iran's budget deficit decreases
Iran's Energy Exchange announces products to be on sale on March 9
Africa's confirmed COVID-19 cases pass 3.96 mln: Africa CDC
Syria's President Bashar al-Assad tests positive for Covid-19
Employment in Iran's industrial sector increases
Bulk of Jan.2021 loans to electric energy sector in Azerbaijan issued in foreign currency
Azerbaijan confirms 71 more COVID-19 recoveries
Loading-unloading of cargo in ports of Iran's Gilan Province expands
Iran's power consumption reduced by Omid plan
Iran to inaugurate more projects in free economic zones
Iran has developed steel supply chain - Iranian President
Iran's Securities and Exchanges Organization talks number of investors in capital market
Iran’s Bahar Azadi gold coin price rising
Volume of dry-farming land in Iran increases
Iran's NISOC begins excavations on its territory
Iran’s South Pars Gas Company reveals production data of its refinery
Iran waits for Europeans to comply with the JCPOA - MFA
Iran to make decision whether to open schools after Nowruz holiday
Production of LPG-fueled cars in Iran's interests - Chamber of Commerce
Armenia's war crimes exposed at UN Congress
Azerbaijan sees growth in Jan.2021 transactions via clearing system for small payments
Iran boosts car manufacturing
Spanish La Vanguardia: Return to Azerbaijan's Karabakh after war
Azerbaijan’s export of ferrous metal products down
Turkmenbashi Oil Refineries opens tender for purchase of gasoline
Britain's M&S expands online business to over 100 markets
Dustbin of history - place for former Armenian president Kocharian, 'Karabakh clan' - historian
Khazar Consortium opens tender to purchase cementing unit
Turkey’s food retail chain Migros to bolster gender-equal workforce and greener stores
Iran Mercantile Exchange working to expand sale of goods
Iran reveals COVID-19 data for March 8
Modi to inaugurate Maitri Setu between India and Bangladesh on Tuesday
India's Covid Vaccine Rollout "Rescued The World": Top US Scientist
India pre-eminent partner of US in Indo-Pacific region: Blinken tells Jaishankar
Bachendri Pal to lead all women team aged above 50 in a 5 month long Himalayan expedition
Satellite set for Mar 28 launch will provide near real time images of borders, quick monitoring of natural disasters
Sikh Fighter Pilot Memorial In UK To Honour Indians Who Fought In World Wars
IMF, Georgia review agenda of bilateral cooperation
Iranian President and Irish FM discuss JCPOA
Iran reserves strategic basic goods
Iran’s Rouhani asks for release of frozen assets in Iraqi banks
Iranian parliament approves increase of salaries to aid low incomes
Iran not to allocate Nowruz gasoline quota due to COVID-19
Uzbekneftegaz establishing production of import-substituting products for industrial enterprises
Iran to obtain its funds frozen in Iraq
Georgia opens new enterprise with support of Rural Development Agency
Interest in entrepreneurship growing among women in Azerbaijan
Export of cotton from Azerbaijan greatly increases in Jan. 2021
Mubarek oil&gas production dep’t owned by Uzbekneftegaz to increase natural gas production
Uzbekistan reveals its COVID-19 data for March 8
Iran unveils number of mining facilities put into operation
Japanese businessmen visit Azerbaijan’s Guba genocide memorial complex (PHOTO)
Development of Iran's Siyahmakan oil field launched
Nearly half of non-oil sector taxes in Azerbaijan falls on mobile operator in 2020
Azerbaijan's Azercell reveals number of processed requests in 2020
Azerbaijan's Jan. 2021 imports from EU show increase
Accumulative life insurance market in Azerbaijan grows
Iran capable of building long water transfer pipelines - Iranian VP
Deliveroo launches London IPO after business surges in 2020
Iran to publish final report of the downed Ukrainian jet soon
No direct or indirect relations between Iran and US - Iranian Foreign Ministry
Approval of FATF related bills would increase Iran's export revenue - Iranian Union
Iranian medicine importers awaiting approval of FATF related conventions
Turkey records slight decrease in car exports abroad
Cement exports from Turkey to global markets grow
Azerbaijan shows footage from Zangilan's Garagoz village (VIDEO)
Turkey's revenues from export of grains, legumes to global markets up
Moscow hosts opening ceremony of another 'Gifts of Azerbaijan' stand
Turkmenistan sells diesel fuel, gasoline to number of countries
Baku celebrating International Women's Day (PHOTO)
Kazakhstan's exports to Portugal plummet amid COVID-19
Kazakhstan boosts trade turnover with Lithuania
Oil supply to exceed demand in 2022, says JP Morgan
Georgia sees decrease in COVID-19 cases
Uzbekistan's gold deposit ranks in list of world's biggest gold mines by production
Azerbaijan's digital infrastructure project to generate Digital Silk Road between Europe, C.Asia
All news