The bank said that the assets of the bank rose from 344.6 billion soums as of 1 January 2011 to 488 billion soums as of 1 January 2012.

Aloqabank’s capital increased from 64.8 billion soums to 79.7 billion soums in the reporting period. The growth rate made up 23%.

Net income of Aloqabank grew by 46% year-on-year in January-Dece,ber 2011 and reached 10.2 billion soums.

Aloqabank was founded in line with the resolution of the Cabinet of Ministers of Uzbekistan from 12 October 1994 in order to ensure economic growth and financial support of the enterprises of the Uzbek Agency for Communication and Information and small and private businesses.

The bank carries out banking activity in line with the license for conducting banking activity of the Central Bank of Uzbekistan from 13 August 2004 (replaces license from 22 March 1995) and license on operations with hard currency from 29 January 2005 (replaces license from 21 August 1996).

Among shareholders of the bank are Uzbek Agency for Communication and Information, Uzbekistan Pochtasi, Uzbektelecom and others.