The bank said that the charter capital of Universalbank grew by 97.3% in 2010 and made up 11.3 billion soums. The assets of the bank made up 33.8 billion soums or increased by 28%.

Loans of Universalbank reached 10.3 billion soums or grew by 19.8% year-on-year in 2010, the bank said in a statement.

The volume of resources, attracted to deposits from customers, increased by 14.1% in 2010 and reached 3.15 billion soums.

Universalbank said it increased the volume of issued microcredits for 375.7 million soums (1547.8%) and mortgage crediting worth 363.6 million soums (13.4%). The bank also issued loans for 12.8 billion soums to small businesses.

The bank introduced several new deposits in 2010 and increased their number to 19 in national currency and 3 in hard currency. Universalbank issued over 7,500 soum banking payment cards as of the end of 2010.

Number of clients reached 17,204 or grew by 13.9% in 2010. The bank said enterprises with foreign investments rose in structure of clientele base. Their share reached 47%.

In summer 2010, Universalbank started wide-scale re-structuring of its divisions. The bank expects that Universalbank will change to positive side and improve services to clients.

The bank said it strengthened corporate management. It is introducing advanced risk management center. Universalbank plans to launch call center and new website.

Universalbank plans to expand its branch network if they get approval of the Central Bank and get international rating from one of rating agencies – Standard and Poors, Moody’s or Fitch Rating.

The bank added that all reforms started in 2010 will be completed in 2011 and Universalbank hopes to contribute to development of country and well-being of population and clients.

Universalbank private open joint stock commercial bank was founded on 25 May 2002 with charter capital of 0.05 billion soums on the base of Qoqand private open joint stock commercial bank. The headquarters of the bank is located in Qoqand city, Ferghana region. The main clients of the bank are small and private businesses, as well as retail clients.