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Finance 07/11/2016 Aggregate capital of banks exceed 8.9 trln. soums
Aggregate capital of banks exceed 8.9 trln. soums
Tashkent, Uzbekistan (UzDaily.com) -- Aggregate capital of the banks of Uzbekistan reached over 8.9 trillion soums as of 1 October 2016, which rose by 22.8% compared to the same period of 2016. This was announced at expanded meeting of the Board of the Central Bank of Uzbekistan dedicated to the activities of the banking system in nine months of 2016.

Current level of capital adequacy of the banking system exceeds requirements of the Basel committee on international banking supervision three times (8%) by three times and level of liquidity of the banking system is twice higher compared to minimal level, set in international practice.

Aggregate assets of the commercial banks of Uzbekistan grew by 25.5% year-on-year in January-September 2016 and made up over 76.7 trillion soums.

Total volume of loans, directed in real sector of economy, increased by 25.7% year-on-year in January-September and reached 50.7 trillion soums.

The volume of investment loans grew by 1.2 times year-on-year in the reporting period and as of 1 October 2016 made up 9.4 trillion soums.

The volume of issued loans to small businesses rose by 30% year-on-year in nine months of 2016 and reached 12.6 trillion soums as of 1 October 2016, of which over 2.6 trillion soums were microloans, which grew by 1.3 times year-on-year.

About 1.3 trillion soums of loans were directed to support businesswomen, which rose by 31% year-on-year in the reporting period.

The commercial banks issued 299.3 billion soums to support graduates of colleges in January-September 2016, which rose by 31% times year-on-year.

The deposits at the banks rose by 27.5% year-on-year in nine months of 2016 and exceeded 43.2 trillion soums as of 1 October 2016.

Currently, commercial banks issued over 18.9 million banking cards and installed 203,400 POS-terminals. The volume of transactions with use of banking cards made up 36.9 trillion soums in January-September 2016, which grew by 1.7 times year-on-year.

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