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Finance 05/04/2012 Asaka Bank gets net income for 40.18 bn soums in 2011
Asaka Bank gets net income for 40.18 bn soums in 2011
Tashkent, Uzbekistan (UzDaily.com) -- State joint stock commercial bank “Asaka” received net income for 40.18 billion soums in 2011 against 32.255 billion soums in 2010, according to the consolidated report of the bank for 2011, prepared in line with international standards of financial accounting.

According to the report, published in mass media, the bank’s assets grew from 2.676 trillion soums in 2010 to 3.493 trillion soums in 2011. The growth rate made up 30.53%.

The volume of loans, allocated to clients, made up 2.212 trillion soums in 2011 compared to 1.521 billion soums in 2010.

Money resources and their equivalent reached 741.623 billion soums in 2011 against 654.778 billion soums (+13.26%). Fixed assets rose from 41.534 billion soums to 44.808 billion soums in the reporting period (+7.8%).

Asaka Bank’s liabilities hit 3.071 trillion soums in 2011 against 2.32 trillion soums in 2010 (+32.37%). Clientele resources grew from 1.56 trillion soums to 2.19 trillion soums in the reporting period (+40.38%).

The capital of the bank in 2011 made up 422.434 billion soums against 359.104 billion soums in 2010 (+17.63%).

The charter capital rose from 349.721 billion soums in 2010 to 377.242 billion soums in 2011 (+7.87%). Undistributed income made up 22.201 billion soums in the end of 2011.

State joint stock commercial bank “Asaka” was founded in 1995. The bank’s shareholders are Finance Ministry (66.65%), Uzavtosanoat (16.68%) and Fund for Reconstruction and Development of Uzbekistan (16.67%).

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