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Finance 29/04/2013 Microcreditbank issues loans for 243.5bn soums in 1Q
Microcreditbank issues loans for 243.5bn soums in 1Q
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock commercial bank “Microcreditbank” allocated over 243.5 billion soums of loans to support real sector of economy in the first quarter of 2013.

According to the press-service of the bank, it directed 95.4 billion soums to development of small and private businesses.

At the same time, the bank issue microcredits for 50.2 billion soums. Some 6.4 billion soums of total volume were issued to private and private businesses, as well as handicrafts.

About 2.5 billion soums were directed to organization of production of agriculture goods, development of poultry, beekeeping and fishing. The bank invested 15.2 billion soums to development of live farming.

Microcreditbank also issued loans to graduates of professional colleges to help them to launch own businesses. In the first quarter of 2013, some 3.9 billion soums were directed to this direction.

The bank also provided microfinancing services for 14 billion soums to support women businesses. It also allocated consumer loans for 3.4 billion soums to population of Uzbekistan

Microcreditbank is also participates in financing within territorial programmes on raising industrial potential. The bank issued 5.3 billion soums to finance 43 projects, including rehabilitation of insolvent enterprises.

The bank said that it financed projects for 13 billion soums to implement presidential decree on expanding production of food products in the first quarter of 2013 and 44.3 billion soums to stimulate production of non-food products.

The volume of deposits rose by 34% year-on-year and reached 323.7 billion soums. Balance of population deposits grew by 30% to 81.3 billion soums.

As of 1 April 2013, the bank issued 450,000 banking cards and installed 7,123 POS-terminals.

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