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Finance 24/06/2013 Agrobank receives net income for 16.63bn soums in 2012
Agrobank receives net income for 16.63bn soums in 2012
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock commercial bank “Agrobank” received net income for 16.629 billion soums in 2012 against US$1.148 billion soums in 2011, the balance sheet of the bank in line with the international financial reporting standards said.

According to the report, published in local media, the assets of the bank rose by 19.87% - from 1.597 trillion soums in 2011 to 1.914 trillion soums in 2012. The loans and advance payments exceeded 1.268 trillion soums in 2012 against 1.051 trillion soums in 2011.s

In 2012, the liabilities of Agrobank reached 1.665 trillion soums against 1.406 trillion soums in 2012. The deposits increased from 1.059 trillion soums to 1.213 trillion soums in the reporting period.

The volume of deposits on demand reached 683.715 billion soums (729.334 billion in 2011), saving deposits – 183.461 billion soums (96.024 billion soums) and term deposits – 269.507 billion soums (127.73 billion soums).

Own capital of Agrobank rose from 190.579 billion soums in 2011 to 248.303 billion so ums in 2012. The equity capital reached 193.732 billion soums in 2012 against 152,555 billion soums in 2011.

Pakhta Bank has been reorganized into Agrobank open joint stock commercial bank in March 2009. The bank renders banking services to farmers, producing agriculture enterprises, cotton and grain processing plants, etc.

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