The bank’s assets grew from 33.73 billion soums in 2010 to 45.575 billion soums in 2011, the report said. The growth rate made up 38.1%.

Net loans and advance payments grew almost twice from 8.91 billion soums in 2010 to 17.117 billion soums in 2011.

The bank’s liabilities made up 32.262 billion soums in 2011 against 20.244 billion soums in 2010. The deposits increased from 20.144 billion soums in 2010 to 31.064 billion soums in 2011.

The deposits on demand rose from 17.957 billion soums in 2010 to 18.17 billion soums in 2011. The saving deposits made up 691.161 million soums (29 million in 2010) and term deposits – 12.203 billion soums (2.158 billion soums).

Own capital of the bank reached 14.312 billion soums in 2011 compared to 13.487 billion soums in 2010. Equity capital grew from 11.549 billion soums to 13.029 billion soums in the reporting period.

Universalbank private open joint stock commercial bank was founded on 25 May 2002 with charter capital of 0.05 billion soums on the base of Qoqand private open joint stock commercial bank.

The headquarters of the bank is located in Qoqand city, Ferghana region of Uzbekistan. The main clients of the bank are small and private businesses, as well as retail clients.