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Finance 22/07/2011 Asaka Bank’s assets grow by 31.2% in 1H 2011
Asaka Bank’s assets grow by 31.2% in 1H 2011
Tashkent, Uzbekistan (UzDaily.com) -- State joint stock commercial bank Asaka (Asaka Bank) increased aggregate assets by 31.2% in the first half of 2011 compared to the same period of 2010 to 2.96 billion soums.

Aggregate capital of the bank grew by 60.2 billion soums in the reporting period to 433.2 billion soums.

The bank carried out active work on expanding clientele base. The clientele base grew by 308,900 or 42.3% to 1.039 million, of which 30,000 are legal entities and over 1 million – individuals.

Asaka Bank is one of largest investors as it own shares in 37 enterprises. The securities portfolio diversified on 10 sectors. As of 1 July 2011, the volume of investments to securities and charter capitals of the enterprise made up 95.6 billion soums.

As of 1 July 2011, the volume of loan and leasing investment made up 1.476 trillion soums in soum equivalent. The growth made up 37.9% year-on-year. Long-term loans made up 1.15 trillion soums (77.7% of loan portfolio), of which 968.4 billion soums are investment loans.

In 2011, the bank opened financing on 82 investment projects for total sum of 184.8 billion soums in soum equivalent. The bank also directed 10.03 billion soums to finance projects at Navoi free industrial and economic zone.

Asaka Bank financed 392 leasing projects with total sum of 198.8 billion soums. The bank financed projects in such sectors as industry, agriculture, transport and communication, construction and others.

Asaka Bank plans to issue 411.7 billion soums of loans within the state programme “The Year of Small Businesses and Private Entrepreneurship” in 2011. In the first half of 2011, the bank issued loans over 231.4 billion soums and US$3.4 million within the programme. This helped to create 5,179 jobs.

About 1,050 citizens of Uzbekistan issued consumer loans for 3.6 billion soums, of which 2.4 billion soums were issued to purchase of home appliances and furniture, 605 million soums to purchase of consumer materials and 534.8 million soums to finance of education.

Consumer credits portfolio made up 13.5 billion soums. About 270 citizens received mortgage loans for 11.8 billion soums. The mortgage loan made up 109.4 billion soums.

Balance of deposits of population reached 240.4 billion soums as of 1 July 2011, which grew by 38%. Number of deposits grew by 300,000 or 30% to 1.008 million as of 1 July 2011.

As of 1 July 2011, Asaka Bank issued 740,000 cards, which grew by 200,000 units. The bank installed 7 153 POS-terminals, 6639 at trade points, 329 at communal organizations and 185 cash offices of the bank.

In the reporting period, the transactions with banking payment cards made up 1.472 trillion soums or grew by 601.4 billion soums.

The bank issued 147,600 MasterCard banking payment cards, which grew by 44,500 units compared to the same period of 2010. The transactions with these cards made up US$331.6 million.

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