In the reporting period, business scale of Uzbek-Turkish Bank expanded with stable tempo. It is necessary to note that Uzbek-Turkish Bank decreased its assets by 27.15% in third quarter of 2012 and made up 148.9 billion soums (204.3 billion soums in 3Q 2011).

At the same time, all income-bearing assets of Uzbek-Turkish Bank rose and their share in aggregate assets made up 46.6% (33.39% in 3Q 2011). At the same time, the volume of loan portfolio of the bank grew by 41.28% year-on-year and its share in total assets made up 2.38% in the reporting period. It is worth to mention that main part of income bearing assets of Uzbek-Turkish Bank fell to share of inter-banking assets, which rose by 8.4% to 65.8 billion soums or 44.2% of all income-bearing assets of InFinBank.

At the reviewing period, quality of loan portfolio of Uzbek-Turkish Bank is rated at the acceptable level. It is worth to mention that Uzbek-Turkish Bank had no guaranteed loans. At the same time, Uzbek-Turkish Bank also had no bad loans. At the same time, the bank’s reserves on possible losses made up 2.07% from total loans (4.39% in 3Q 2011).

Liquid position of Uzbek-Turkish Bank is rated as acceptable level. In the third quarter of 2012, liquid assets of the bank fell by 48.18% and made up 57.44% (80.75% in 3Q 2011) of the bank’s assets. At the same time, current assets of Uzbek-Turkish Bank decreased by 48.18%, while current liabilities decreased by 50.04%. Coefficient of current liquidity of the bank grew from 99.51% in the third quarter of 2011 to 103.21% in the third quarter of 2012. Term resource base of the bank rose to 22.2 billion soums.

Capitalization of the bank is rated as acceptable in the reporting period. Own capital of the bank rose by 13.88% year-on-year in the third quarter of 2012 to 43.8 billion soums. The charter capital of Uzbek-Turkish Bank reached 25.9 billion soums, or grew by 7.86% tyear-on-year.

Coefficient of common capital and the first level capital of Uzbek-Turkish Bank made up 58.9% and 55% in the third quarter of 2012 (67.4% and 64.4% in 3Q 2011) respectively. At the same time, level of assets adequacy with own capital reached 29.42% (18.82% in 3Q 2011).

Ahbor-Reyting underlined that decreasing of risky assets and growth of capital base impacted to the growth of coefficient of capital adequacy in the third quarter of 2012.

In the reporting period, profitability of Uzbek-Turkish Bank is rated as stably growing. In the third quarter of 2012, interest income of the bank rose by 68.91% year-on-year, while interest expenses jumped 3.8 times. Net interest income of the bank grew by 58.72% year-on-year and made up 2.84 billion soums (1.79 billion soums in 3Q 2011).

Net interest margin and interest spread of Uzbek-Turkish Bank rose from 3.8% and 3.72% in the third quarter of 2011 to 4.13% and 3.92% in the third quarter of 2012 respectively.

Profitability of loan portfolio of Uzbek-Turkish Bank fell and made up 9.21% (13.22% in 3Q 2011). Net commission income of the bank grew by 18.28% and their share in operational income of the bank fell and reached 33.22% (45.46% in 3Q 2011). Total operational income of the bank rose by 36.84% year-on-year, while operational expenses grew by 67.66%.

It is necessary to note that net income of Uzbek-Turkish Bank grew by 7.36% to 2.8 billion soums (2.6 billion in 3Q 2011). At the same time, profitability of assets and own capital reached 1.61% and 6.9% respectively (1.69% and 9.25% in 3Q 2011).