Tashkent, Uzbekistan, Aug. 12
Trend:
The Uzbek private joint-stock exchange bank "Trustbank" increased its assets by 8.6 percent up to 807 billion soums in January-June 2014 compared to the same period in 2013, the bank's management told Trend.
The bank noted that its loan portfolio rose by 4 percent in the first half year - up to 290 billion soums, the deposit base increased by 11.4 percent (up to 601 billion soums).
Trustbank shareholders' equity for the period increased by 18.5 percent - up to 107 billion soums (taking into account the authorized capital in the amount of 27.962 billion soums).
"Trustbank", whose main activity is financial servicing of companies in the field of exchange and wholesale trade, was established in 1994. It was converted by the decision of the shareholders into a private bank in 2006.
The bank has nine branches, 44 mini banks. "Trustbank" established correspondent relations with 15 banks, including 10 foreign ones.
It was previously reported that the private banks in Uzbekistan are considered the ones whose authorized capital is generated by not less than 50 percent of individual funds.
The Uzbek banking system is currently represented by 27 banks, the three largest banks of which are the state ones (National Bank for Foreign Economic Activity, Asaka and the People's Bank), four banks created with the foreign capital, 11 are joint-stock ones and nine are private.
The official exchange rate for August 12 is 2340.19 soum / USD.