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Finance 02/05/2011 NBU’s balance reaches 9.63 trillion soums
NBU’s balance reaches 9.63 trillion soums
Tashkent, Uzbekistan (UzDaily.com) -- The balance of the National Bank of Uzbekistan for Foreign Economic Activities (NBU) made up 9.63 trillion soums in national currency equivalent at the end of the first quarter of 2011.

The bank’s capital reached 785 billion soums. The bank said its clientele base grew by 4.1% to 2.457 million, while number of account increased by 2.9%. Almost all growth of clients and accounts fell to share of retail clients.

The volume of loan portfolio made up 3.859 trillion soums as of 1 April 2011. The main share of loan portfolio is long-term credits (80.6%).

Investment projects, which received financial support of NBU, fully modernize national economy of Uzbekistan. Among the industries are mining and processing energy resources and metals, agriculture, textile and chemical industry, transport infrastructure, communication and tourism, development of small businesses and private entrepreneurship.

Currently, NBU accepted over 100 investment projects for total sum of US$3.71 billion to financing, the bank’s press service said.

One of main directions of the bank’s activities are attraction of credit lines of international financial institutions, off-budget funds of countries and own resources for financing small and private projects. So, the bank financed 29 projects for US$10.02 million due to third credit line of the State Development Bank of China. NBU said it set limits for crediting due to the credit line for all its branches for effective use of resources and for convenience of debtors.

In line with the terms of credit agreement, between NBU and Chinese bank, the loans issued to finance projects directed at creating, modernizing and expanding industrial and production capacities or the companies, including purchase of imported raw materials and materials.

Since the beginning of 2011, the volume of loans in national currency, issued to support of small and private businesses, made up 126.8 billion soums.

In the first quarter of 2011, small businesses received microloans for 13.7 billion soums due to all resources, the bank said.

In order to implement presidential resolution No. 308 from 23 March 2006 “On measures on stimulating growth of number of cattle in personal auxiliaries, dehkan and farmer entities”, the bank issued microloans for 1.44 billion soums due to own resources.

National Bank of Uzbekistan allocated loans for 11.2 billion soums to businesswomen in the reporting period, the bank said.

The volume of issue loans to small businesses for development of service sector reached 6.1 billion soums, NBU underlined.

The bank said priority directions of investment policy are to support financial rehabilitation and rehabilitation of economically insolvent enterprises, their modernization, and organization of production of competitive products.

Currently, the bank helped to rehabilitate production at 44 enterprises. National Bank issued over 73.6 billion soums to rehabilitate production and modernize insolvent enterprises, of which 44.8 billion soums were issued as turnover capital and 28.8 billion soums for modernization of the capacities.

The programme of measures was developed, which allowed all enterprises to reach their full capacity and production of competitive goods, as well as create 5,799 new jobs. Currently, the enterprises produced goods for 165.3 billion soums and exported products for US$52.1 million.

Currently, NBU is expending services for population and attracting resources of population to deposits. Number of depositors, who have national and hard currency deposits, rose 14 times. The bank said depositors’ number grew by 373,000 in 2010 and as of 1 April 2011 their number made up 2.3 million.

In the first three months of 2011, the bank issued 83,700 banking payment cards and transactions volume reached 296.3 billion soums, which is 1.5 times up year-on-year. Total number of banking payment cards, issued by NBU made up 2.355 million. The bank issued 728,800 cards within the so-called salary projects.

The bank said it has 122 ATMs (one third of total number of ATMs in Uzbekistan, 112 info-kiosks, and installed over 11,000 POS-terminals at trade and service points.

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