Tashkent, Uzbekistan, Dec. 17
By Mammad Dashdemirov– Trend:
The net profit of KDB Bank Uzbekistan, the biggest bank in Uzbekistan with foreign capital, amounted to 70.4 billion soums in the third quarter of 2017, which is 2.3 times more than in the same period of 2016.
The bank’s interest income increased by almost 2.5 times during the reporting period and reached 45.9 billion soums, interest-free income - 1.8 times to 103.2 billion soums, profit before taxes - 2.1 times to 82 billion soums.
The bank’s assets increased by 83.9 percent to 5.42 trillion soums in the first nine months of 2017. The funds on accounts in other banks increased by 3.4 times to 3.29 trillion soums, while in the Central Bank - decreased by 5.4 percent to 1.53 trillion soums. The credit and leasing portfolio increased by 2.1 times to 329 billion soums.
The bank’s equity capital has increased by 74.1 percent and reached 509.3 billion soums since early 2017.
The bank was established in 2006. Correspondent relations have been established with JP Morgan Chase, NY (US), Commerzbank AG (Germany), Royal Bank of Scotland Group (UK), Hypo Vereinsbank AG (Germany), KEB Hana Bank (Republic of Korea), Sumitomo Mitsui Banking Corporation (Japan), VTB Bank (Russia), PromSvyazBank (Russia) and other big foreign banks.
(8093 UZS = $1 on Dec. 17)