Asaka bank increases assets in Uzbekistan
Tashkent, Uzbekistan, Oct.22
By Demir Azizov- Trend:
Asaka State Joint-Stock Commercial Bank's assets, calculated upon the national accounting standards, totaled 6.653 trillion soums as of early October 2015 versus 5.383 trillion soums as of January 1, 2015, the bank said.
The total assets of the credit organization have increased by 23.6 percent.
Asaka's volume of credit investments, including leasing, increased by 7.5 percent to 2.961 trillion soums in January-September compared to early 2015.
The bank's liabilities for six months increased by 26.2 percent up to 5.782 trillion soums.
Asaka's equity increased 8.7 percent - up to 871.2 billion soums as of October 1, 2015 given the authorized capital formed in the amount of 508.7 billion soums.
Currently, the bank's shares are owned by the Ministry of Finance - 60.96 percent, UzAvtoProm JSC - 14.58 percent, Uzbekistan's Fund for Reconstruction and Development - 14.56 percent, UzGazOil LLC - 5.06 percent, Almalyk Mining and Metallurgical Combine - 2.53 percent,
Uzbekistan Railways - 1.27 percent, Uzagrosugurta state joint stock insurance company - 0.5 percent, Uzbektelecom - 0.28 percent, UzbekInvest national export-import insurance company and Khalq Sug'urta insurance company - 0.13 percent.
Asaka bank was established in 1996. The bank is mainly involved in lending to the automotive industry.
Asaka's total assets increased by 16 percent in 2014 compared to 2013 and totaled 5.383 trillion soums ($1 = 2,663.45 UZS as of Oct.22, 2015). This is while its equity increased by 16 percent and stood at 801.7 billion soums .