Share of services in Uzbekistan’s GDP makes up 49.9%

Within the programme on developing service sector, Microcreditbank issued over 24 billion soums of loans in nine months of 2013 to create and develop service infrastructure.

The growth of information-communication technologies grew by 23.2% due to high demand to mobile and internet services, as well as related services.

The financial services increased by 28.2% due to measures directed at expanding the volume of consumer crediting and financial mediation institute.

Uzbekistan created 3,300 new retail and catering enterprises, which helped to increase the volume of rendered services in this sphere by 15.4%. The growth of domestic service rose by 19.4% due to creation of 6,000 domestic services enterprises.

The share of the services increased by 12.4% year-on-year in January-September 2013, and its share in the GDP rose from 49.6% to 49.9%.

The aggregate capital increased by 23.7%, aggregate assets – by 30.9%, and deposits of the clients at the banks – 30.9% in nine months of 2013.

The capital adequacy level of the banking system reached 23.7%, which exceeds the minimal requirement of the Basel Committee on banking supervision by threefold (8%). The growth of the banks’ resource base helped to increase crediting of economy by 1.3 times and long-term loans – by 31.6%.

The commercial banks issued loans for about 5.5 trillion soums to modernization and update of the production capacities in January-September 2013, which rose by 1.3 times year-on-year.