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Finance 12/05/2011 Asia Alliance Bank posts 2.238 bn soums of net income in 2010
Asia Alliance Bank posts 2.238 bn soums of net income in 2010
Tashkent, Uzbekistan (UzDaily.com) -- Asia Alliance Bank private open joint stock commercial bank posted 2.238 billion soums of net income in 2010.

According to the bank’s annual report, the assets of the bank rose over seven times to exceed 91.1 billion soums. Income part of the assets formed due to loan portfolio, interbank deposits and investments for 40.3% or 44.2% of total assets.

In 2010, the bank said it boosted its retail activity through issuing mortgage, consumer and education loans to individuals. The loan portfolio of the bank is rated as satisfactory quality and it has low risks.

The bank underlined that its loan portfolio made up 12.404 billion soums in 2010 and liabilities exceeded 77.741 billion soums.

Aggregate capital of Universal bank hit 7.19 billion soums. The bank registered additional emission of shares for 17.649 billion soums in December 2010.

According to balance sheet, own capital of Trust Bank reached 13.39 billion soums. The charter capital exceeded 4.85 billion soums.

The bank said that it increased clientele base from 242 to 4,461. It added that some 208 banks are using Internet banking service.

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