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Uzbek bank increases assets

Uzbekistan Materials 20 January 2016 15:41 (UTC +04:00)
Asaka State Joint-Stock Commercial Bank’s assets, calculated upon the national accounting standards, increased on the results of 2015 by 37.5 percent, up to 7.4 trillion soums,
Uzbek bank increases assets

Tashkent, Uzbekistan, Jan.20
By Demir Azizov- Trend:

Asaka State Joint-Stock Commercial Bank's assets, calculated upon the national accounting standards, increased on the results of 2015 by 37.5 percent, up to 7.4 trillion soums, the bank said.

Asaka State Joint-Stock Commercial Bank is the second one in Uzbekistan on the amount of main banking indexes.

On the results of 2014, the bank's assets calculated upon the national accounting standards amounted to 5.383 trillion soums.

Asaka's volume of credit investments, including leasing amounted to 3.4 trillion soums in 2015 versus 2.755 trillion soums in 2014 (23.4 percent increase).

The balance on deposit accounts of the population grew by 22.1 percent - up to 599.1 billion soums.

Asaka's equity increased throughout the year by 14.2 percent - up to 915.7 billion soums 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 each.

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. This is while its equity increased by 16 percent and stood at 801.7 billion soums.

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