The business scale of Turkiston Bank is growing with stable tempo. In the fourth quarter of 2011, the assets of the bank rose by 42.75% and made up 51.1 billion soums (35.8 billion soums in 4Q 2010). The loan portfolio rose by 70.16% year-on-year in the fourth quarter of 2011 to 30.6 billion soums (18 billion soums in 4Q 2010).

Its share in total assets increased from 50.27% in the fourth quarter of 2010 to 59.92% in the same period of 2011. Turkiston Bank increased its income bearing assets three times in the fourth quarter of 2011 to 10.2 billion soums. This was achieved due to growth of inter-banking resources of the bank by 11 times.

Quality of loan portfolio of Turkiston Bank is rated as at acceptable level. In the fourth quarter of 2011, Turkiston Bank had no restructured and bad loans. Main part of loans was secured with real estate (55.99%), and third party warranty (8.71%). The bank had no unsecured loans in the fourth quarter of 2011 (2.06% of loan portfolio in 4Q 2010).

Liquid position of Turkiston Bank is rated as at acceptable level. In the fourth quarter of 2011, all liquid assets of the bank grew by 24.08% year-on-year and reached 31.89% of the bank’s assets (36.69% in 4Q 2010). Simultaneously, the current assets and current liabilities grew by 25.03% and 34.84% respectively in the fourth quarter of 2011. The coefficient of current liquidity of the bank decreased from 103.59% in the fourth quarter of 2010 to 96.05% in the same period of 2011.

It is worth to mention that the ratio of loan portfolio to deposits and attracted money resources increased from 75.4% in the fourth quarter of 2010 to 85.17% in the same period of 2011 due to growth of loan portfolio. Term resource base of the bank rose by 77.53% year-on-year. The ratio of credit portfolio to term resource base of the bank fell from 189.48% to 180.02% in the reporting period. The decrease is connected with fast growth of term resource base of the bank compared to the growth of loan portfolio.

The profitability figures of the bank are in acceptable level. Interest income and interest expenses of the bank rose by 52.73% and 75.07% respectively. In the result, net interest income of the bank grew by 42.28% and its share in aggregate operational income rose from 29.74% in the fourth quarter of 2010 to 38.16% in the same period of 2011.

At the same time, the commission of the bank grew twice year-on-year to 43.3% of operational income of the bank (28.49% in 4Q 2010). At the same time, other operational income of the bank decreased by 67.92% year-on-year in the fourth quarter of 2011.

In the reporting period, all operational income of Turkiston Bank grew by 42.6%, while expenses – by 25.52%. The ratio of expenses to operational income fell from 70.26% to 61.84% in the reporting period. Net income of Turkiston Bank rose by 82.93% and reached 2.2 billion soums (1.2 billion soums in 4Q 2010).

Simultaneously, the profitability figures also increased. The profitability of assets and own capital made up 4.96% and 16.36% respectively (4.09% and 13.18% in 4Q 2010). Interest margin and interest spread of the bank made up 9.56% and 9.36% respectively (11.1% and 11.35% in 4Q 2010).