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Finance 12/10/2011 Aggregate capital of Universalbank grows by 5.3% in Jan-Sep
Aggregate capital of Universalbank grows by 5.3% in Jan-Sep
Tashkent, Uzbekistan (UzDaily.com) -- Aggregate capital of Universalbank private open joint stock commercial bank grew by 5.3% compared to the beginning of 2011 and reached 14.298 billion soums as of 1 October 2011.

According to the bank, the charter capital rose by 6.4% to 12.043 billion soums. Net income of the bank reached 778 million soums in January-September 2011.

Universalbank’s assets rose by 41.5% in January-September 2011 to 47.888 billion soums. Loan investments of the bank grew by 53.3% to 15.856 billion soums.

The volume of consumer loans made up 426 million soums (17.2$ in January-September 2011) and microloans – 643 million soums (71.1%).

Investment portfolio of the bank grew by 7.4% in the reporting period to 1.665 billion soums.

As of 1 October 2011, the volume of attracted deposits reached 28.174 billion soums (+47%) and population deposits – 4.545 billion soums (+44.1%)

Term deposits increased by 91.3% to 1.7488 billion soums and deposits on demand – by 90.8% to 967 million soums. Balance of the banking cards grew by 5.6% to 1.83 billion soums.

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.

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