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Finance 02/07/2011 Invest Finance Bank opens four mini-banks in Tashkent region
Invest Finance Bank opens four mini-banks in Tashkent region
Tashkent, Uzbekistan (UzDaily.com) -- Invest Finance Bank (InFinBank) private open joint stock commercial bank opened four mini-banks under its Zangiata branch in Tashkent region.

The bank said that mini-banks “Bek Tupi”, “Zangiota” and “Ilm Shulasi” started their activities from 1 June 2011. Mini-bank “Bek Baraka” started its work on 27 June 2011.

Invest Finance Bank private open joint stock commercial bank carries out its activity based on license of the Central Bank of Uzbekistan No 75 from 22 November 2008.

Currently, the bank’s activities are focused in Tashkent region. InFinBank functions as universal bank, offering wide-range of financial services to businesses and individuals.

InFinBank received net income for 5.011 billion soums in 2010 against 3.007 billion soums in 2009 in line with the international accounting standards.

Aggregate capital of the bank reached 12.3 billion soums in 2010 and grew by 58% or 5.1 billion soums year-on-year. The charter capital rose twice to 11.2 billion soums.

The loan portfolio of InFinBank made up 31.6 billion soums in 2010. As of 1 January 2011, the volume of deposits reached 49.1 billion soums. In 2010, the bank attracted 2.9 billion soums of population resources in 2010.

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