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Finance 31/01/2013 Aggregate assets of Asaka Bank grow by 20.8% in 2012
Aggregate assets of Asaka Bank grow by 20.8% in 2012
Tashkent, Uzbekistan (UzDaily.com) -- Aggregate assets of State joint stock commercial bank “Asaka” made up 4.3 trillion soums as f 1 January 2013, which grew by 20.8% year-on-year. This was announced at the expanded session of the bank’s board.

The press service of the bank said that aggregate capital rose by 20% and made up 586.5 billion soums. The volume of income-bearing assets reached 2.7 trillion soums or 62.5% in total assets’ volume.

As of 1 January 2013, the volume of capital investments of the bank made up 1.85 trillion soums, of which 1.33 billion soums were investment loans. At the same time, 83.5% of loan portfolio or 1.5 trillion soums were long-term loans.

Asaka Bank said that it issued loans for 1.1 trillion soums to development of various sectors of economy, which helped to create 30,000 new jobs.

According to the bank, the volume of resources, issued to finance investment projects, made up 565.1 billion soums. Within the investment programme for 2012, the bank issued 168 billion soums.

Asaka Bank underlined that it issued 526.7 billion soums to development of small and private businesses. At the same time, the volume of loans issued to microfirms and individual enterprises reached 33.4 billion soums. The bank provided 3.8 billion soums to development of business of young families.

The bank said that it received 45 insolvent enterprises to its balance and realized 38 of them to strategic investors. The bank invested 91.4 billion soums to modernization and update of their capacities, which helped to create 4,250 new jobs.

According to the bank, Asaka Bank attracted 46 billion soums of free resources of population to deposits. In the result, as of 1 January 2013, the deposits volume made up 310.3 billion soums.

Number of banking cards, issued by Asaka Bank, reached 1.081 million units. The transaction with banking payment cards reached 990.2 billion soums. Asaka Bank also emitted 110,000 international cards of MasterCard.

Currently, Asaka Bank has 26 branches, 112 mini-banks, which render services to about 32,000 business entities.

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