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Finance 01/06/2012 Net income Agrobank slips to 1.149bn soums
Net income Agrobank slips to 1.149bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock commercial bank “Agrobank” received net income at the size of 1.149 billion soums in 2011 compared to 14.234 billion soums in 2010, the audited consolidated balance sheet of the bank, prepared in line with international financial reporting standards, said.

According to the report, published in local media, the assets of the bank fell from 1.644 trillion soums in 2010 to 1.597 trillion soums in 2011. Net loans and advances grew from 989.15 billion soums to 992.799 bilion soums in the reporting period.

Agrobank’s liabilities decreased from 1.468 trillion soums in 2010 to 1.406 trillion soums in 2011.

The volume of deposits made up 1.059 trillion soums in 2011 against 1.031 trillion soums in 2010. The deposits on demand decreased from 777.02 billion soums in 2010 to 729.334 billion soums in 2011. Saving deposits reached 96.024 billion soums in 2011 (63.225 billion soums in 2010) and term deposits – 127.73 billion soums (195.542 billion soums in 2010).

Own capital of Agrobank reached 190.578 billion soums in 2011 against 176.168 billion soums in 2010. The equity capital grew from 141.364 billion soums in 2010 to 152.55 billion soums in 2011.

Pakhta Bank has been reorganized into Agrobank open joint stock commercial bank in March 2009. The bank renders banking services to farmers, producing agriculture enterprises, cotton and grain processing plants, etc.

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