Capital of Uzbekistan’s Asaka bank increases
Tashkent, Uzbekistan, Jan. 19
By Mamed Dashdemirov – Trend:
Total capital of Uzbekistan’s State Joint Stock Commercial Bank Asaka, which is the country’s second credit institution for capitalization, increased by three times and reached 3.1 trillion soums in 2017, the bank’s management told Trend Jan. 19.
Some 1.4 trillion soums of this amount account for the authorized capital that was increased by more than two times in 2017 thanks to the placement of additional issue of 5.3 billion common shares with a total nominal cost of 735 billion soums.
Assets of Bank Asaka increased by 2.3 times and amounted to 24.3 trillion soums in January-December 2017, and the loan portfolio increased by almost three times up to 15.8 trillion soums, 98 percent of which accounts for long-term loans.
Particularly, long-term investment loans worth more than three trillion soums were issued for the development of the most important areas of the country’s economy in 2017 that is by 30.4 percent more than in 2016.
The volume of loans issued for small businesses and private entrepreneurship rose by 23.5 percent and reached 1.9 trillion soums in 2017 as compared to 2016.
The State Joint Stock Commercial Bank Asaka was established in November 1995.
(1 USD = 8,146.38 UZS on Jan. 19)