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Finance 08/04/2011 Credit Standard Bank sums up results of first quarter of 2011
Credit Standard Bank sums up results of first quarter of 2011
Tashkent, Uzbekistan (UzDaily.com) -- Assets of open joint stock commercial bank Credit Standard (Credit Standard Bank) made up 271.9 billion soums at the end of the first quarter of 2011, or rose by 4.9% year-on-year.

The loan portfolio of the bank increased twice to 39.2 billion soums and portfolio of investment and securities rose by 29% to 20.9 billion soums.

Own capital of Credit Standard Bank reached 42.4 billion soums (+19.8%), while net income of the bank made up 2.5 billion soums (+19%) in the reporting period.

The bank issued 14.6 billion soums of loans in the first quarter of 2011, including 3.7 billion soums to small businesses and private entrepreneurship. The clientele base of Credit Standard Bank rose by 5.2% in the reporting period.

Credit Standard Bank emitted 3,163 soum banking cards in the first three months of 2011 and their total number reached 54,400 units. The bank increased emission of VISA banking cards twice and implemented 51 agreements on salary projects with the organizations.

As of 31 March 2011, the bank installed 470 POS-terminals, 4 info-kiosks, and two terminals at trade-service points. Number of transactions reached 1.25 million units in the first three months of 2011.

Credit Standard Bank also developed money transfer services. The bank signed agreement with Zolotaya Korona international money transfer system. The system became the eleventh money transfer system with which the bank cooperates.

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