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Finance 10/07/2012 Assets of Alokabank grows by 26% in 1H 2012
Assets of Alokabank grows by 26% in 1H 2012
Tashkent, Uzbekistan (UzDaily.com) -- Assets of open joint stock commercial “Alokabank” made up 528.4 billion soums as of 1 July 2012, the press service of the bank said.

The bank said that the assets rose from 421.3 billion soums as of 1 July 2011 to 528.4 billion soums as 1 July 2012. The grow rate made up 26%.

Capital of Alokabank grew from 65.8 billion soums to 91.9 billion soums in the reporting period, or by 40% year-on-year. Income of the bank rose by 13% and reached 4.6 billion soums in the reporting period.

Alokabank 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.

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