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Finance 10/06/2013 Universalbank posts 232.55m of net income in 2012
Universalbank posts 232.55m of net income in 2012
Tashkent, Uzbekistan (UzDaily.com) -- Private open joint stock commercial bank “Universalbank” received net income for 232.549 million soums in 2012 against 162.324 million in 2011, the annual report of the bank said.

The bank’s assets rose from 46.575 billion soums in 2011 to 49.008 billion soums in 2012, the report said.

Loans and advanced payments grew from 18.786 billion soums in 2011 to 22.563 billion soums in 2012, Universalbank’s report said.

The bank’s liabilities reached 33.812 billion soums in 2012 compared to 32.262 billion soums in 2011. The client’s resources fell from 31.064 billion soums in 2011 to 28.944 billion soums in 2012.

Own resources of the bank made up 15.196 billion soums in 2012 against 14.312 billion soums in 2011. The charter capital jumped from 13.029 billion soums to 14.275 billion soums in the reporting period.

Universalbank private open joint stock commercial bank was founded on 25 May 2002 with charter capital of 0.05 billion soums on the base of Qoqand private open joint stock commercial bank.

The headquarters of the bank is located in Qoqand city, Ferghana region of Uzbekistan. The main clients of the bank are small and private businesses, as well as retail clients. As of 1 January 2011, the assets of the bank reached 33.8 billion soums.

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