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Finance 23/04/2012 Net income of Asia Alliance Bank makes up 9.817 bn soums in 2011
Net income of Asia Alliance Bank makes up 9.817 bn soums in 2011
Tashkent, Uzbekistan (UzDaily.com) -- Private open joint stock commercial bank “Asia Alliance Bank” posted 9.817 billion soums of net income in 2011 compared to 2.328 billion soums in 2010.

According to consolidated balance sheet of the bank (in line with international financial reporting standards), published in local media, the assets of the bank rose from 91.131 billion soums in 2010 to 252.979 billion soums in 2011.

The report said that loans and advanced payments to clients made up 41.292 billion soums in2011 against 12.64 billion soums in 2010, while net loans and advanced payments grew from 12.404 billion soums to 40.485 billion soums.

Fixed assets of the bank rose from 1.121 billion soums to 13.715 billion soums in the reporting period, the report said.

Liabilities of Asia Alliance Bank exceeded 225.338 billion soums as of 31 December 2011 compared to 77.741 billion soums in 2010.

The volume of deposits reached 220.409 billion soums in 2011 against 70.817 billion soums in 2010. The volume of deposits on demand rose from 69.035 billion soums to 206.589 billion soums, saving deposits from 230 million soums to 1.694 billion soums and term deposits – from 1.504 billion soums to 10.077 billion soums.

Own capital of the bank made up 27.64 billion soums in 2011 compared to 13.39 billion soums in 2010. Equity capital rose from 13.39 billion soums to 15.44 billion soums. Undistributed income rose from 2.383 billion soums to 12.2 billion soums in the reporting period.

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