Chairperson of the Board of Microcreditbank Jamshid Sayfiddinov said that the bank’s activities in 2011 focused on development of small and private business, as well as creation of works.

The bank issued loans for 383.5 billion soums, which makes up 77.5% of total assets of the bank. Short-term loans made up 20.5% and long-term loans – 79.5%.

Number of small businesses, who use loans of the bank, grew 1.3 times in 2011, the bank’s meeting said. The volume of loans issued to them made up 288.6 billion soums.

The meeting said that that the bank will focus on improving capitalization level and share of non-state sector in total charter capital, systematic improvement of its international rating, growth of profitability, etc.

Microcreditbank will also provide package of services “For well-being of family”, which will be directed to creating comfort and new opportunities for families and increasing their income.

The bank also launches loan “Intellectual investments into future”, which allow the clients to finance study of young people at universities, language or computer classes, etc.

Microcreditbank will also continue to support small and private business, entrepreneurship development in rural areas, as well as financing perspective projects in industry.