Tashkent, Uzbekistan (UzDaily.com) -- On 29 June, a regular general meeting of shareholders of Uzpromstroybank was held. In it, according to the agenda of the meeting, 12 issues were considered regarding the main directions of the bank’s activities.

Speaking at the event, the Chairman of the Board of JSCB "Uzpromstroybank" S. Annaklichev noted that in 2020 the main attention was directed to the transformation of the bank, in particular, according to the tasks outlined in the Strategy for reforming the banking system of the Republic of Uzbekistan in 2020-2025 on the privatization of the institution, orientation the bank’s activities for clients, as well as increasing its investment attractiveness, are considered as a priority task.

It was emphasized that such specialists as a special technologist and an ecologist are involved in the organization of Green banking services. Green products are introduced for every business.

The work on establishing the activities of the credit block has been completed. The underwriting lending system was launched.

A new JOYDA mobile application with 58 types of services for the population has been activated, and it includes a marketplace trading platform.

The first stage of the budgeting software system was launched, designed to determine income and expenses in each area, and automate their planning. Completed work on creating a database for the system.

A new processing center was launched on the WAY4 platform for servicing and issuing cards of international payment systems VISA, Mastercard, UnionPay, JCB.

In order to automate the generation of reports, the creation of the DWH data warehouse is almost complete.

It was noted at the meeting that, despite the quarantine restrictions, the work carried out within the framework of the transformation made it possible to achieve significant results.

In 2020, for the first time in the history of the bank, a high indicator was achieved, that is, a profit of 798 billion soums was obtained, the second place was won among the banks of the republic.

Return on assets instead of those defined in international norms 1.5 percent amounted to 1.9 percent, return on equity - 12.1 percent.

Operating efficiency, that is, the ratio of expenses to income, improved even more and amounted to 25.6 percent.

Clients have been allocated 18.2 trillion soums of loans.

At the meeting, the shareholders were familiarized with the plans for the current year as part of the Bank’s Development Strategy in 2021-2023.

In accordance with it, by the end of 2021, all branches of the Bank will be converted into mobile sales channels. New CRM and credit conveyor systems will be launched for clients, and the “JOYDA Business” program for entrepreneurs. The transition to a single MFO will be carried out.

Credit lines of the International Finance Corporation for US$75 million, the European Bank for Reconstruction and Development and the Asian Development Bank - US$50 million each will be attracted. These credit lines will be converted to the charter capital of the bank.

The Bank’s profit will be increased by 1.2 times.

At the meeting, the relevant decisions were made on the discussed issues.