Uzpromstroybank was recognized as "The Best Local Bank" according to the authoritative edition of AsiaMoney
Tashkent, Uzbekistan (UzDaily.com) -- In the "Best Bank of 2021" competition (Best bank awards 2021) held by AsiaMoney magazine, Uzpromstroybank was recognized as the winner in the "Best Local Bank" nomination for the second year in a row.
The experts of the publication, recognizing the Bank as the largest credit institution in the country, analyzed its activities over the past 12 months. In particular, the improvement of the bank's financial indicators for the reporting period was noted. So, as of the end of 2020, the assets of Uzpromstroybank increased by 29% to US$4.5 billion from US$3.7 billion a year earlier, and the return on equity increased to 15% from 9% in 2019. The bank managed to achieve significant growth in the main client segments of the bank. The number of retail clients increased to 1.16 million from 1.07 million in 2019, and the list of corporate clients of Uzpromstroybank grew to almost 64,500 compared to 56,500 in the same period.
Analysts highly appreciated the work carried out together with the International Finance Corporation and the European Bank for Reconstruction and Development on the transformation of a financial institution, which allowed the bank to scale its business and transform it into a universal bank operating on market principles, diversify its investment portfolio with a focus on small and retail business segments, increase your marketing and brand awareness among the population.
The colossal work carried out by Uzpromstroybank in terms of digitalization of banking services, through the implementation of the JOYDA software and the SQB Premium service, was especially noted, and the bank's success in introducing the first in the country a corresponding division responsible for the development of green banking and specializing in issues was emphasized. financing sustainable development projects.
As the planned goals of the bank for the near term, AsiaMoney noted the support of clients who find themselves in a difficult situation in connection with the coronavirus pandemic, as well as the improvement of corporate governance and risk management in the bank's system.
This “Best bank” competition is traditionally held annually by an international authoritative financial publication - AsiaMoney magazine among banks in the Asia-Pacific region. At the same time, the main goal is to develop an assessment of the level of active activity of banking and financial institutions in each country over the past year. The winners are rewarded in such nominations as The Best Local Bank, The Best Corporate and Investment Bank, The Best International Bank, The Bank that Provided the Best Services to Small and Medium Businesses, The Best Digital Bank, The Best Bank with the point of view of corporate social responsibility, The best bank for the provision of microfinance services.