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Finance 27/10/2014 Assets of Asaka Bank reaches 5.5 trln. soums
Assets of Asaka Bank reaches 5.5 trln. soums
Tashkent, Uzbekistan (UzDaily.com) -- Aggregate assets of the State joint stock commercial bank “Asaka” rose by 858.5 billion soums and made up 5.5 trillion soums as of 1 October 2014, the press service of the Uzbek bank said.

According to the bank, aggregate capital grew by 81.6 billion soums and made up 736.1 billion soums.

As of 1 October 2014, the volume of investments to shares and charter capitals of the enterprises made up 149.2 billion soums.

In nine months of 2014, number of the clientele base of the bank rose by 133,600 units to 1.457 million, according to the bank.

As of 1 October 2014, the volume of credit and leasing investments in soum equivalent made up 2.566 trillion soums. Share of long term loans makes up 1.995 trillion soums, including investment loans – 1.703 trillion soums.

In nine months of 2014, Asaka Bank provided loans for 1.263 trillion soums to development of enterrises of the most important sectors of economy of Uzbekistan.

In line with the presidential resolutions “On additional measures on stimulating growth of share of long-term credits of commercial banks, directed at financing investment projects” from 28 July 2009 and “On priority directions on further reforming and increasing sustainability of financial-banking system of the republic in 2011-2015 and achievement high international ratings” from 26 November 2010, the bank issued long-term investment loans for 641.7 billion soums.

The bank financed 129 leasing projects for over 58.3 billion soums. Aggregate leasing portfolio of the bank as of 1 October 2014 reached almost 159 billion soums and diversified on various industries of economy (industry, agriculture, communal sphere, transport and communication, construction, social sphere, etc).

Asaka Bank allocated 752.1 billion soums to support small businesses and private entrepreneurship in the reporting period.

The bank said that it issued 5.9 billion soums to 901 citizens to purchase cattle. The bank also allocated resources to finance projects on increasing number of cattle. The bank directed over 9 billion soums to finance 68 projects.

Asaka Bank issued 53.9 billion soums as leasing and loans to purchase 546 units of agriculture equipment in the reporting period. It also financed 32 projects on development of poultry for 32.4 billion soums.

To expand production of food products and saturate internal market, the bank issued credits for 153 billion soums. The bank issued loans for 160.2 billion soums to develop production of non-food consumer goods.

Asaka Bank allocated consumer credits for 10.3 billion soums in nine months of 2014, and 33.6 billion soums – mortgage loans.

The bank issued 26.8 billion soums of mortgage loans to 261 young families in nine months of 2014 and 2.8 billion soums of consumer loans to 406 young families to purchase electronics, furniture and other locally-made goods.

The volume of loans issued to graduates of professional colleges made up over 7.6 billion soums in nine months of 2014 and to women to develop their business activities – 63.8 billion soums.

As of 1 October 2014, the balance at deposit accounts rose by 101 billion soums and reached 464 billion soums. Number of depositors rose by 134,000 units and reached 1.426 million units.

The bank said that it emitted over 1.4 million cards, including 305,900 online cards. The figure rose by 143,500 units compared to the same period of 2013.

Number of installed POS-terminals at trade-service enterprises and points on collecting payments for communal services made up 9,773 units, which rose by 819 units year-on-year.

As of 1 October 2014, turnover with payment cards reached 1.236 trillion soums, which rose by 261.7 billion soums compared to the same period of 2013.

Number of issued international payment cards MasterCard rose by 10.3% and reached 132,700 units as of 1 October 2014. The volume of transaction with MasterCard payment cards made up US$22.2 million in the reporting period.

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