Uzbekistan, Tashkent, May 13 / Trend D.Azizov/
Uzbek Alokabank increased its assets calculated in accordance with the National Accounting Standards by four per cent up to 109.5 billion soums in Jan.-March 2013 compared to 2012, the bank said today.
The bank's assets have increased by 1.6 per cent to 639.3 billion soums since early 2013 and increased by 29 per cent up to 629 billion soums compared to 2011.
The bank's equity capital taking into account the authorised capital of 60 billion soums, increased by 32 per cent in 2012 up to 105.3 billion soums as of early 2013.
A net profit of Alokabank amounted to 2.9 billion soums as of the first quarter compared to 2.5 billion soums the previous year. The figure increased by 15 per cent.
Alokabank, a medium-size bank, was established according to a Cabinet of Ministers' resolution in 1995. The bank specialises in issuing credits to telecommunications facilities.
The bank's founders are the enterprises and organisations of the State Committee for Communication, Information and Telecommunication Technologies (transformed from the Uzbek Agency for Communication and Information (UzACI) in 2012.
The bank's stock is shared among over 3000 shareholders. The bank's biggest shareholders are the Information and Communications Technologies Development Centre and Electromagnetic Compatibility Centre which are part of the UTIA and hold 19.99 per cent each, as well as the Tashkent Information Technologies University (14.71 per cent).
The bank has 12 office branches in the country, 27 mini-banks, 38 savings branches, 35 currency exchange points and 18 international money transfer points.
As of 2012, Alokabank gained a net profit worth 14.7 billion soums compared to 10.2 billion soums in the previous year (an increase of 44 per cent).
The official exchange rate is 2.069.48 soums/$1 on May 13.
