Uzbekistan, Tashkent, April 25 / Trend D.Azizov /
Uzbek-Korean UzKDBbank increased assets by 67.4 percent in 2010 up to 312.32 billion soums compared to 2009, the Bank reported.
The bank's loan portfolio grew by 32.6 percent - up to 65.885 billion soums, the debt - by 1.8 times to 264.49 billion soums and equity - by 21.4 percent to 47.828 billion soums, including the bank's authorized capital.
The bank received a net profit of 8.422 billion soums in 2010 compared to 6.188 billion soums in 2009 (growth by 36.1 percent).
Earlier it was reported that UzKDBbank increases authorized capital by 2.91 times to 23,643 billion soums. According to the bank's data, the authorized capital has increased due direct profits of previous years in the amount of 15,222 billion soums to increase the nominal value of each share at 97,580 soums - from 51,050 to 148,630 soums. The shares will be placed on close subscription among shareholder.
UzKDBbank (until February 2006 - UzDEUbank) was established in 1997. About 61 percent of its share capital was owned by South Korea's Daewoo Securities.
In February 2006 KDB bought the share of Daewoo Securities, after which the bank was renamed into UzKDBbank.
The shareholders Korea Development Bank, KDB and South Korea are at 61 percent, the European Bank for Reconstruction and Development (EBRD) is at 27.8 percent, the Uzbek National Bank for Foreign Economic Affairs and the bank "Turon" are at 5.6 percent
In 2009 the bank's assets increased by 14.9 percent compared to 2008 - up to 186,525 billion soums, the loan portfolio increased by 56.8 percent - up to 49,134 billion soums, commitment increased by 13 percent - up to 146,622 billion soums and private capital increased by 22.9 percent up to 39,903 billion soums.
The Royal Bank of Scotland N.V. has reached agreement for the sale of its 82.35 percent share holding in RBS NB Uzbekistan CJSC to Korea Development Bank (KDB) I in 2010. KDB plans to merge RBS Uzbekistan with UzKDB Bank to create the largest foreign bank in the republic.
By the end of 2010 the bank received a net profit of $ 8.422 billion against 6.188 billion soums from the previous year (growth - by 36.1 per cent).
