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Finance
26/04/2011
Net income of Microcreditbank makes up 2.06bn soums in 2010
Net income of Microcreditbank makes up 2.06bn soums in 2010
Tashkent, Uzbekistan (UzDaily.com) --
Net income of Microcreditbank open joint stock commercial bank fell from 2.36 billion soums in 2009 to 2.06 billion soums in 2010, the consolidated financial report of the bank in line with international accounting standards said.
According to audited reported, the assets of the bank jumped by 18.11% to 415.8 billion soums. The loan portfolio of the bank reached 320.364 billion soums (+30.88%), lieabilities – to 255.352 billion soums (+31.27%) and own capital – to 160.488 billion soums (+1.86%).
The report said that currently the charter capital of the bank formed at the size of 153.875 billion soums.
Microcreditbank open joint stock commercial bank was founded in May 2006 in line with the presidential decree. The main tasks of the bank is to carry out microcrediting, rendering banking and consulting services to small business, private entrepreneurs, farmers and dehkan entities to strengthen and expand their production activities.
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