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Finance 26/03/2013 Aggregate capital of Microcreditbank reaches 176bn soums
Aggregate capital of Microcreditbank reaches 176bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Aggregate capital of open joint stock commercial bank Microcreditbank made up 176 billion soums as of 1 January 2013. This was announced at the shareholders’ meeting.

According to the bank, the charter capital of Microcreditbank made up 160.2 billion soums.

As of 1 January 2013, the volume of assets of the bank reached 589 billion soums. Income-bearing assets rose 1.2 times in 2012.

In 2012, 75.1% of assets or 442.3 billion soums fell to share of loan investments. Share of long-term loans made up 75%.

The bank issued preferential microfinance services for 381.9 billion soums to real sector of economy and 204.7 billion soums to entrepreneurs. In the result, some 105,000 new jobs were created.

In last seven years, Microcreditbank allocated 1.2 trillion soums of loans to small and private businesses, including 707 billion soums of microloans. The loans helped to create 503,000 new jobs.

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