Uzbek private bank’s assets up by over 38%

Uzbekistan Materials 23 May 2016 20:39 (UTC +04:00)

Tashkent, Uzbekistan, May 23

By Demir Azizov - Trend:

The assets of Uzbekistan's Ipak Yuli Open Joint-Stock Innovation Commercial Bank stood at 1.761 trillion soums in 2015 as compared to 1.272 trillion soums in 2014, read a report from the Uzbek Securities Market Coordination and Control Center.

Official exchange rate on May 23 is 2914.10 soums/$1.

The assets of Ipak Yuli have increased by 38.4 percent over 2015.

The bank issued loans worth 932.6 billion soums in 2015, as compared to 663.1 billion soums in 2014.

The bank's liabilities increased by 39.8 percent and stood at 1.596 trillion soums in 2015.
Its net profit stood at 34.631 billion soums in 2015, as compared to 26.696 billion soums in 2014.

Ipak Yuli was founded in 1990. The bank has a branched structure of mini banks, express centers and branches in Tashkent and several regions of the country.

The total assets of Uzbek banks increased by 25.1 percent and stood at 65.2 trillion soums, while the total loan portfolio of the country's banks rose by 27.3 percent and stood at 42.7 trillion soums in 2015.