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Finance 03/02/2014 Aggregate capital of People’s Bank grew by 12.9% in 2013
Aggregate capital of People’s Bank grew by 12.9% in 2013
Tashkent, Uzbekistan (UzDaily.com) -- Aggregate capital of the State commercial Khalq Bank of Uzbekistan (People’s Bank) grew by 12.9% year-on-year and reached 309.8 billion soums in 2013, the press service of the bank said.

Aggregate assets of the bank rose by 28.7%year-on-year and exceeded 2.7 trillion soums, the bank’s press service said.

The volume of deposits increased by 598.6 billion soums or 36.8% - to 2.2 trillion soums. The loan investments rose by 400.8 billion soums or 37.4% to 1.5 trillion soums.

People’s Bank issued loans for 995.3 billion soums in 2013 to support small businesses and enterprises of real sector of economy, businesswomen, young families and graduates of colleges. The loans were directed to almost to all sectors of economy.

The bank issued 301.4 billion soums to agriculture sector, 155.8 billion soums to development of industry, 102.5 billion soums to trade and catering, 23.4 billion soums to transport and communication, 21.7 billion soums to construction and 343.7 billion soums to other sectors.

People’s Bank allocated 579 billion soums of loans to small and private businesses as of 1 January 2014, which exceeds the forecast volume by 5%.

The volume of issued microloans made up 170.5 billion soums, which helped to create 14,844 new jobs in 2013. Businesswomen received 74.1 billion soums to finance their business projects. Low income families got 10.9 billion soums to develop cattle breading.

The bank issued 98.8 billion soums of loans to farmers and entrepreneurs, who used resources to purchase technologic equipment and develop food production sector. About 106.3 billion soums were allocated to development of non-food consumer goods.

The bank said that it issued 27.5 billion soums of preferential microloans to support development of craftsmen and family businesses, as well as outwork.

People’s Bank allocated 71.3 billion soums of mortgage, consumer and microloans to young families in 2013 and 21.1 billion soums to finance business projects of youth. It also directed 32.9 billion soums to construction of houses in 2013.

The volume of deposits of individuals grew by 367.5 billion soums or 36.1% and as of 1 January 2014 exceeded 1.38 trillion soums, the bank stated.

As of 1 January 2014, the bank issued over 1.5 million banking cards, which rose by 342,300 units in 2013, it said. The bank said that it issued 5,160 Visa international cards. Number of installed POS-terminals exceeds 21,507 units as of 1 January 2014.

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