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Finance 17/02/2011 Assets of Invest Finance Bank reach 108.429 bn soums in 2010
Assets of Invest Finance Bank reach 108.429 bn soums in 2010
Tashkent, Uzbekistan (UzDaily.com) -- Assets of Invest Finance Bank (InFinBank) private open joint stock commercial bank made up 108.429 billion soums by the end of 2010. The growth rate made u 63.5% year-on-year.

According to the Uzbekistan-based bank, the loan portfolio reached 31.66 billion soums and own capital made u 12.36 billion soums in 2010. As of 16 February 2011, the exchange rate of one US dollar is 1,660.70 soums.

Net income of InFinBank in 2010 grew 1.6 times and as of 1 January 2011 it made up 5.011 billion soums, the bank said.

The bank allocated loans to real sector of economy for over 37 billion soums in 2010. At the same time, 71% of loans fell to share of small and private businesses.

Number of the bank’s clients grew by 228.7% in 2010. The bank said it attracted 392 new legal entities in 2010. The main clients of the bank are companies with foreign capital, as well as large and medium businesses.

Within the state programme on developing cashless settlement among population with use of banking payment cards, InFinBank issued 7,000 cards in national currency. It added that the main part of cards was issued within salary-projects.

Invest Finance Bank has been working in Uzbekistan’s financial market after it received license from Central Bank on 22 November 2008.

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