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Finance 06/05/2010 Aggregate capital of Asaka Bank reaches 364.1 billion soums
Asaka Bank headquarters in Tashkent
Tashkent, Uzbekistan (UzDaily.com) -- Aggregate capital of Asaka state joint commercial bank (Asaka Bank) rose by 74.6 billion soums or by 25.8% in the first quarter of 2010 to 364.1 billion soums.

Income-bearing assets rose by 429.9 billion soums or 41.5% to 1.466 trillion soums, which made up 72.3% of total assets of the bank. Credit investments (net) grew by 326.8 billion soums or 54.4% to 926 billion soums. The credit investments made up 45.7% of assets.

Attracted funds or liabilities of Asaka Bank rose by 401.5 billion soums or 31.8% and made up 1.662 trillion soums, which is 82.03% of resource base of the Asaka Bank.

The client’s deposits increased by 202.9 billion soums (22.8%) to 1.091 trillion soums, which is 53.9% of the bank’s resource base.

In the reporting period, the bank attracted 205,700 clients. The clientele base rose by 43% to 679,900, the bank said.

The volume of credit investments rose by 51.1% to 970.8 billion soums, of which 743.7 billion soums were in national currency. The long-term credits made up 712 billion soums (73.3% of total loan portfolio) and short-term loans – 258.8 billion soums (26.7%).

Asaka Bank is shareholder in 34 enterprises and organizations, which work in 10 industries. As of 1 April 2010, the volume of equity investments in these enterprises made up over 71.3 billion soums.

The bank allocated 93.8 billion soums of loans in national currency to small and private businesses and the balance comprised 374.8 billion soums. The volume of issued micro loans made up 4.2 billion soums and the balance was 11.8 billion soums.

About 484 citizens of Uzbekistan received consumer credits for 1.9 billion soums, of which 653.7 million soums were directed to purchase home appliances, 439 million soums to buy furniture and construction materials of local products, and 256.9 million soums – crediting of education. The consumer credits portfolio made up 14.5 billion soums. About 60 debtors received mortgage loans for 2.3 billion soums.

Asaka Bank financed 33 letters of credit for total sum of US$227 million. The main part of trade deals fell to share of suppliers from Korea, Germany, Russia, India, Turkey, Switzerland and Italy.

The balance of population deposits increased by 52.9 billion soums or 45.2% to 167.4 billion soums. Number of depositors rose by 45.4% to 650,000.

The bank installed 4,664 POS-terminals and emitted 496,900 banking payment cards. In the first three months, the turnover of trade-service POS-terminal network made up 89.9 billion soums, which is up 2.4 times year-on-year.

As of 1 April 2010, the bank has 131 international remittance points, of which 26 located in Tashkent city and others in regions of Uzbekistan. The bank said it paid 74,600 remittances for total sum of US$39.5 million and sent 1,300 remittances for US$1.3 million.

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