Tashkent, Uzbekistan, April 30
By Demir Azizov- Trend:
Uzbek Trustbank, a private open joint stock bank, increased its assets by 16.8 percent up to 742.97 billion soum in 2013 compared to 2012, the bank's report said on April 29.
During this period the loan portfolio increased by 1.9 times - up to 278.095 billion soums, the liabilities were 15 percent (up to 654.753 billion soums), according to the report.
The bank's shareholders' equity increased by 32.8 percent - up to 88.217 billion soums given the authorized capital to the amount of 27.962 billion soums (a 23.1 percent growth). The retained earnings for the period amounted to 56.822 billion soums compared to 42.133 billion soums in the previous year (a 34.9 percent growth).
As of 2013, the bank got a net profit worth 26.565 billion soums compared to 20.97 billion soums or by 26.7 percent more than in 2012.
Trustbank, with its main focus on rendering financial services to the companies on the stock exchange and wholesale trade, was established in 1994. It was transformed into a private bank upon the shareholder's decision in 2006.
The bank's structure includes six branches, 16 mini-banks, 22 money transfer points, 14 exchange points and 15 savings banks. Correspondent relations were established with 15 banks, as well as with ten foreign banks.
The Uzbek banking system is currently represented by 27 banks, including three state banks - the Uzbek National Bank for Foreign Economic Activity, Asaka bank, the People's Bank, four with foreign capital, 11 joint stock and 9 private.
The official exchange rate is 2280.28 soums/$1.
Translated by NH
Edited by CN