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Finance
12/07/2010
Net income of Aloqabank makes up 2.2bn soums in 1H 2010
Net income of Aloqabank makes up 2.2bn soums in 1H 2010
Tashkent, Uzbekistan (UzDaily.com) --
Net income of Alokabank grew by 15.8% year-on-year in the first quarter of 2010 and reached 2.2 billion soums, the bank said on its website.
According to the bank, the assets of Alokabank made up 275.2 billion soums as of 1 July 2010 or rose by 35.5% year-on-year.
Capital of Alokabank rose from 35.6 billion in the first half of 2009 to 48.4 billion soums in the first six months of 2010.
Alokabank was founded in line with the resolution of the Cabinet of Ministers of Uzbekistan from 12 October 1994 in order to ensure economic growth and financial support of the enterprises of the Uzbek Agency for Communication and Information and small and private businesses.
The bank carries out banking activity in line with the license for conducting banking activity of the Central Bank of Uzbekistan from 13 August 2004 (replaces license from 22 March 1995) and license on operations with hard currency from 29 January 2005 (replaces license from 21 August 1996).
Among shareholders of the bank are Uzbek Agency for Communication and Information, Uzbekistan Pochtasi, Uzbektelecom and others.
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