Assets of Invest Finance Bank grow by 66.71% in 3Q

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Finance 10/12/2010 Assets of Invest Finance Bank grow by 66.71% in 3Q

Assets of Invest Finance Bank grow by 66.71% in 3Q

Tashkent, Uzbekistan (UzDaily.com) -- Assets of Invest Finance Bank (InFinBank) private open joint stock commercial bank grew by 66.71% year-on-year in the third quarter of 2010 to reach 107.2 billion soums.

In the reporting period, all income-bearing assets of InFinBank rose almost twice and made up 48.86% of the bank’s assets.

The volume of the bank’s loan portfolio increased by 40.04% year-on-year to 29.3 billion soums in third quarter of 2010. Share of loan portfolio in asset structure made up 27%.

In the reporting period, investment portfolio of InFinBank rose by 39.8% and comprised 2.41% assets of the bank.

In the third quarter of 2010, net interest income of InFinBank grew by 23% year-on-year and profitability of loan portfolio rose from 8.84% to 11.28%.

Net income of the bank rose by 81.25% and as of 1 October 2010 made up 4 billion soums.

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