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Finance 23/07/2012 Aggregate capital of Uzbek banks grows by 24.2%
Aggregate capital of Uzbek banks grows by 24.2%
Tashkent, Uzbekistan (UzDaily.com) -- Aggregate capital of commercial banks of Uzbekistan grew by 24.2% year-on-year in the first half of 2012 and reached 5.7 trillion soums as of 1 July 2012. This was announced at the extended session of the Board of the Central Bank of Uzbekistan dedicated to the results of the first half of 2012.

Total assets of the banks rose by 30.4% year-on-year in January-June 2012 and made up over 32.4 trillion soums.

In the reporting period, total sum of loans, directed to real sector of economy, exceeded 18.2 trillion soums or grew by 30,2% year-on-year. The volume of loans of the banks, directed to investment purpose, rose by 30% to 2.7 trillion soums.

Measures conducted to rehabilitate insolvent enterprises, improve management mechanism, modernization of production capacities helped to rehabilitate production activities at 157 bankrupt enterprises from 166 companies, which were handed over to balance of the banks. Some 113 enterprises were handed over to new investors.

Commercial banks directed 328.8 billion soums of investments to modernization and re-equipment of these enterprises, which allowed to create 22,000 new jobs.

Currently, these enterprises produced goods for 1.4 trillion soums and exported products for US$410.6 million.

The volume of issued loans to small businesses grew 1.4 times year-on-year in the first half of 2012 and reached 2.9 trillion soums. Banks also issued microloans for 558.4 billion soums, which rose 1.4 times year-on-year.

In January-June 2012, the banks attracted 20 trillion soums of deposits, which grew by 30,5% year-on-year.

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