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Assets of Uzbek banks increase almost twofold

Business Materials 2 July 2018 17:47 (UTC +04:00)

Baku, Azerbaijan, July 2

By Fikret Dolukhanov – Trend:

By June 1, 2018, assets of commercial banks of Uzbekistan amounted to 184.68 trillion soums, which is 91.2 percent more compared to the same period in 2017, the Central Bank of Uzbekistan stated on July 2.

According to the information, the aggregate capital of banks increased by over 130 percent and exceeded 23.458 trillion soums.

As of June 1, 2018, credit investments of banks reached 132.1 trillion soums, which is 57.8 percent more compared to the same period in 2017.

According to the Central Bank, 33.5 percent of credit investments (22.14 trillion soums) were directed to industry, 12.3 percent (8.1 trillion soums) to transport and communications, 8.2 percent (5.43 trillion soums) - to agriculture, 7.2 percent (4.73 trillion soums) to trade and public services.

Commercial banks of Uzbekistan allocated 12.99 trillion soums of loans to individuals, amounting for 19.7 percent of the total volume of credit investments as of June 1, 2018.

The volume of attracted deposits increased by 61.2 percent and amounted to 62.99 trillion soums.

As of June 1, 2018, the National Bank of Uzbekistan is leading by amount of assets (51.75 trillion soums or 28 percent of all assets of the banking sector of Uzbekistan), Asaka Bank (26.39 trillion soums or 14.3 percent) and Uzpromstroybank (25.43 trillion soums or 13.8 percent).

The National Bank of Uzbekistan (38.07 trillion soums or 28.8 percent of total loans), Asaka Bank (19.8 trillion soums or 15 percent) and Uzpromstroybank (21.45 trillion soums or 16.2 percent) became the leaders by volume allocated loans.

The National Bank of Uzbekistan (5.36 trillion soums or 22.9 percent of total capital), Asaka Bank (3.15 trillion soums or 13.5 percent) and Uzpromstroybank (2.29 trillion soums or 9.8 per cent) entered the top three in terms of capital.

The top-3 in terms of attracted deposits included the National Bank of Uzbekistan (11.89 trillion soums or 18.9 percent of total attracted loans), Asaka Bank (7.42 trillion soums or 11.8 percent) and Uzpromstroybank (4.37 trillion soums or 6.9 percent).

(7846.27 soums = $1 on July 2)

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