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Finance 22/10/2012 Aggregate capital of Uzbek banks reaches 5.7 trln. soums
Aggregate capital of Uzbek banks reaches 5.7 trln. soums
Tashkent, Uzbekistan (UzDaily.com) -- Aggregate capital of commercial banks of Uzbekistan reached 5.7 trillion soums as of 1 October 2012 compared to 4.6 trillion soums as of 1 October 2011. This was announced at the expanded session of the Board of the Central Bank of Uzbekistan dedicated to activities of the banking system in nine months of 2012.

The growth of aggregate capital of the Uzbek banking system made up 23.91%. Currently, level of capital adequacy of the banking system makes up 24.1%, which three times more compared to requirement of the Basel committee on banking supervision (8%).

Assets of the banks of Uzbekistan grew by 30.83% year-on-year in January-September 2012 and made up 34.8 trillion soums.

In the reporting period, the volume of loans directed to real sector of economy grew by 30.6% - from 14.5 trillion soums to 18.9 trillion soums. The growth of crediting of investment projects reached 30% - from 3.2 trillion soums to 4.2 trillion soums.

Some 168 bankrupt enterprises were handed over to balance of commercial banks within the measures on financial rehabilitation of insolvent enterprises and their modernization. Some 117 enterprises were sold to investors. The banks directed 375.1 billion soums to rehabilitation of these enterprises, which helped to create 22,000 new jobs.

Within the reporting period, these enterprises produced goods worth 1.6 trillion soums and exported products for over US$452.5 million.

The volume of loans, issued to small and private businesses by commercial, grew 1.3 times year-on-year in January-September – to 4.2 trillion soums. The volume of microloans jumped 1.4 times to 857.2 billion soums.

Total volume of balance at the deposits rose 30.9% year-on-year in nine months of 2012 to 20.4 trillion soums as of 1 October 2012.

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