The aggregate capital of Uzbek commercial banks as of January 1, 2013 amounted to 6.2 trillion soums compared to five trillion soums as of January 1, 2012, UzDaily.uz reported.
The statement was made at an enlarged meeting of the Uzbek Central Bank's board, dedicated to the results of the activity of the banking system in 2012.
The growth of the total capital of the banking system was 24.3 per cent. At present, the capital adequacy ratio of the Uzbek banking system is 24 per cent, or three times more than the established requirements of the Basel Committee on International Banking Supervision (eight per cent).
The assets of Uzbek banks increased by 30.2 per cent to 35.7 trillion soums in 2012 compared to 2011 (compared to 27.5 trillion soums as of January 1, 2012).
During the reporting period, the volume of loans directed to the real sector of the economy increased by 30.5 per cent from 15.7 trillion soums to 20.4 trillion soums.
Around 168 bankrupt companies were transferred to the balance sheet of commercial banks within the measures for financial rehabilitation of insolvent enterprises and improvement of management tools, modernisation, technical and technological renewal. Around 120 of them were sold to strategic investors. The banks invested 395 billion soums to restore these companies and allow the creation of more than 25,000 new jobs.
The volume of loans issued by commercial banks to small businesses and private entrepreneurs has increased by 1.3 times and reached 5.3 trillion soums compared to the same period of last year. The volume of micro loans increased 1.5 times to 1.2 trillion soums.
The total amount of deposit balances increased by 31.5 per cent and reached 22.8 trillion soums as of January 1, 2013.