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Finance 03/06/2011 Universalbank receives 521.7m soums of net income in Jan-Apr
Universalbank receives 521.7m soums of net income in Jan-Apr
Tashkent, Uzbekistan (UzDaily.com) -- Private open joint stock commercial bank Universalbank received net income for 521.7 million soums in January-April 2011.

According to the bank, as of 1 May 2011 aggregate capital exceeded 14.684 billion soums, which is 8.2% more compared to the beginning of 2011. The charter capital rose by 4.8% to 11.859 billion soums in January-April.

Universalbank’s assets grew by 0.9% in January-April to 34.144 billion soums, while credit investments – by 4,7% to 10,827 billion soums.

At the same time, consumer loans made up 464.4 million soums (27.7% in January-April 2011) and microloans – 405.5 million soums (+7.9%).

Investment portfolio of Universalbank grew by 1.6% in the reporting period to 1.575 billion soums, the bank said.

As of 1 May 2011, the volume of attracted deposits reached 16.083 billion soums (-16.1%) and resources of population – 3.168 billion soums (+0.5%).

Universalbank private open joint stock commercial bank was founded on 25 May 2002 with charter capital of 0.05 billion soums on the base of Qoqand private open joint stock commercial bank.

The headquarters of the bank is located in Qoqand city, Ferghana region of Uzbekistan. The main clients of the bank are small and private businesses, as well as retail clients. As of 1 January 2011, the assets of the bank reached 33.8 billion soums.

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