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Finance 29/10/2013 Aggregate capital of Uzbek banks exceeds 6.4 trln. soums
Aggregate capital of Uzbek banks exceeds 6.4 trln. soums
Tashkent, Uzbekistan (UzDaily.com) -- Aggregate capital of commercial banks of Uzbekistan made up 6.4 trillion soums as of 1 October 2013, which grew by 23.07% compared to the same period of 2012 (5.2 trillion soums), the press service of the Central Bank of Uzbekistan said.

The regulator underlined that the capital adequacy level of the banking system reached 23.7%, which exceeds the minimal requirement of the Basel Committee on banking supervision by threefold (8%).

The current liquidity level has been exceeding 65% for last years, which is also twice more compared to the minimal level.

The assets of the bank grew by 30.9% year-on-year in the reporting period and reached 39.4 trillion soums, the regulator said.

Total volume of loans, issued to real sector of economy, increased by 31.3% year-on-year in nine months of 2013 and currently makes up over 22.7 trillion soums.

The volume of loans, allocated for investment purpose, rose 1.3 times year-on-year and reached over 5.5 trillion soums as of 1 October 2013.

Measures on financial rehabilitation of economically insolvent enterprises and modernization of the capacities helped fully rehabilitate activities of 123 enterprises, which were realized to strategic investors. They exported goods for US$652.4 million and created over 25,000 new jobs.

The commercial banks increased allocation of loans to small businesses by 1.3 times to 5.6 trillion soums in January-September 2013. The volume of issued micro loans rose 1.3 times to 1.135 trillion soums.

The banks also paid attention to attracting youth, especially graduates of professional colleges to business activities, and financing their projects.

In nine months of 2013, they issued loans for 108.3 billion soums to young people, which rose by 2.8 times year-on-year.

The Central Bank of Uzbekistan said that the volume of deposits of population rose 30.7% year-on-year to over 23.2 billion soums.

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