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Finance 05/06/2011 Assets of People’s Bank grows by 12% in 1Q 2011
Assets of People’s Bank grows by 12% in 1Q 2011
Tashkent, Uzbekistan (UzDaily.com) -- Assets of the state commercial People’s Bank of Uzbekistan grew by 154.3 billion soums or by 12% in the first quarter of 2011 and as of 1 April 2011 reached 1.389 trillion soums.

Loan portfolio of the bank reached 651.1 billion soums, or grew by 96.1 billion soums or 17% in the first quarter of 2011. Out of which 203.6 billion soums (+16%) fell to share of individuals and 447.6 billion soums (+18%) to legal entities.

Share of investment loans in total volume of loans for legal entities made up 94% or 421.3 billion soums.

In the first quarter of 2011, the sum of loans issued to support businesses made up 71.3 billion soums, of which 22.9 billion soums were microloans.

Aggregate volume of attracted loans reached 983.7 billion soums (+9%), of which population deposits rose by 44.8 billion soums (+7%) and made up 644 billion soums – 65.5% of total deposit volume.

People’s Bank said it is also plans to issue 50 billion soums of deposit certificates for legal entities to attract free resources of businesses to banking turnover and increase long-term resource base of the bank.

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