The bank said its assets increased by 67.4% year-on-year to 312.32 billion soums. The loan portfolio jumped by 32.6% to 65.885 billlion soums and liabilities – 1.8 times to 264.49 billion soums.

Capital of UzKDB Bank increased by 21.4% to 47.828 billion soums. The authorized capital made up 9.614 billion soums.

UzDaewoo Bank was founded in 1997. Daewoo Securities of South Korea owned 61% stake in the bank. In February 2006, KDB acquired share of Daewoo Securities and later it was renamed to UzKDB Bank.

Shareholders of the bank are Korea Development Bank (61%), the European Bank for Reconstruction and Development (27.8%), National Bank of Uzbekistan for Foreign Economic Activity and Turon Bank – 5.6% each.

As earlier reported, KDB acquired 82.35% shares of The Royal Bank of Scotland (RBS) in its subsidiary Royal Bank of Scotland Uzbekistan (RBS Uzbekistan). It is expected that KDB will complete merge of RBS Uzbekistan and UzKDB Bank in the first half of 2011.