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Finance 06/01/2012 Agrobank posts net income for 14.234bn soums in 2010
Agrobank posts net income for 14.234bn soums in 2010
Tashkent, Uzbekistan (UzDaily.com) -- Agrobank open joint stock commercial bank received net income at the size of 14.234 billion soums in 2010 compared to 5.271 billion soums in 2009, according to the audited consolidated balance sheet of the bank in line with international accounting standards.

According to balance sheet, published at the end of December 2011, the assets of the bank rose from 1.576 trillion soums in 2009 to 1.644 trillion soums in 2010.

The volume of deposits made up 1.036 trillion soums at the end of 2010 against 1.072 trillion soums in 2009. The deposits on demand decreased from 525.186 billion soums in 2009 to 522.472 billion soums in 2010. Saving deposits made up 63.225 billion soums in 2010 (98.515 billion soums in 2009) and term deposits – 19.542 billion soums (221.866 billion soums in 2009).

Liabilities of Agrobank grew from 1.435 trillion soums in 2009 to 1.486 trillion soums in 2010.

Own capital of the bank in 2010 made up 176.168 billion soums against 140.97 billion soums in 2009, while equity capital increased from 106.54 billion soums to 141.364 billion soums in the reporting period.

Pakhta Bank has been reorganized into Agrobank open joint stock commercial bank in March 2009. The bank renders banking services to farmers, producing agriculture enterprises, cotton and grain processing plants, etc.

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