Aloka Bank allocated 13.3 billion soums to support small and private businesses, which in turn helped create 5,020 new jobs.
The balance of the borrower’s loan debts with the bank have totaled 22.73 billion soums (up 122.7% compared to the same period of the previous year, and up 83% since the beginning of the year).
In general in the first half of this year, corporate and private clients of the bank have borrowed loans for some 27.69 billion soums.
As of 1 July 2007, the volume of funds appropriated by Aloka Bank from the fund of soft lending for the support of production micro-firms, small businesses and farms made up 952.3 million soums.
Measures are being taken to support women, improve their living conditions, and provide them jobs. This, of course, is a significant factor. To support the development of enterprises set up by women, in the first half of this year the bank has extended loans for 457.9 million soums. This created additional jobs for 141 people.
Aloka Bank also seeks ways to attract loans, investments, and grants of international financial institutions and leading foreign banks for the development of small business in Uzbekistan. In particular, an agreement on the extension of the credit line for US$15.5 million for the financing of the ICT projects has been signed between the China Development Bank, Aloka Bank, Uzbektelecom and the Huawei Technologies Co. Ltd.
As of 1 July, the volume of funds appropriated within the frame of this agreement reached 12.3 billion soums. These funds were spent mainly for the lease-procurement of equipment.
Relying on its experience and international best practices, Aloka Bank continues to strengthen its position of a reliable financial institution, paying close attention to the positive dynamics of its development, appraisal of the quality of capital, assets and resource base.
Constructive dialogue with clients, attention to their problems, fast acting on the emerging issues, are the key principles of the bank’s corporate operation. This in its turn is an important factor in the achievement of stable socio-economic development of the country.