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Assets of Uzbek bank up by 21.4%

Business Materials 25 May 2017 12:44 (UTC +04:00)

Tashkent, Uzbekistan, May 25

By Demir Azizov – Trend:

Assets of the joint-stock commercial People’s Bank of Uzbekistan (JSC Halq Banki), calculated in line with the International Financial Reporting Standards (IFRS), reached 4.259 trillion soums in 2016, according to the bank’s audited annual report published on the website of Uzbekistan’s Center for Coordination and Development of Securities Market.

The bank’s assets amounted to 3.509 trillion soums in 2015. Thus, this figure rose by 21.4 percent in 2016.

The loan portfolio of the bank totaled 2.362 trillion soums in late 2016 as compared to 1.869 trillion soums in late 2015.

Total liabilities of the bank increased by 21.2 percent – up to 3.896 trillion soums during the year, including customer funds that rose by 22.5 percent – up to 3.681 trillion soums.

The Uzbek bank’s own capital increased by 32.8 percent – up to 362.279 billion soums in 2016, taking into account the formed authorized capital in the amount of 302.522 billion soums.

The bank obtained a net profit in the amount of 11.847 billion soums in 2016, as compared to 9.845 billion soums in 2015 (growth by 20.3 percent).

Founders of JSC Halq Banki are Uzbekistan’s Ministry of Finance and the Central Bank, which own 51 and 49 percent of the shares, respectively.

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