BAKU, Azerbaijan, Apr. 27
By Klavdiya Romakayeva - Trend:
The Center for Economic Research and Reforms (CERR) has prepared the Banking Activity Index for 31 commercial banks of Uzbekistan for the first three months of 2021, Trend reports with reference to CERR.
The CERR noted that in 2018 more than 4,000 individuals used remote banking services, and as of January 1, 2021, their number reached almost 14,000, which indicates a significant increase in the coverage of digital technologies in the banking sector.
As of March 1, 2021, the assets of the banking system of Uzbekistan amounted to $35 billion - (an increase compared to March 1, 2020 was 31.3 percent), liabilities – $29 billion (38.3 percent), capital - $5.6 billion (12.4 percent).
It is reported that among 17 large banks, Kapitalbank still holds the lead, having held it since the second quarter of last year. High results in terms of capital adequacy, profitability and quality of management allowed Kapitalbank to firmly consolidate its position in the overall rating.
In particular, the ratio of the bank's term deposits to the total amount of loans amounted to 78 percent. The share of funds received from other banks and financial institutions accounted for 3.5 percent. Despite the fact that the share of funds received from the state (the Ministry of Finance, the Fund for Reconstruction and Development of Uzbekistan) increased by 0.8 percent compared to the 4Q2020 and amounted to 1.3 percent, this indicator remains one of the lowest in the structure of the bank's liabilities.
Trustbank moved up two positions in the overall rating compared to 4Q2020 and took second place in the rating. Thus, this bank is becoming one of the leading banks in terms of capital adequacy, quality of management, profitability and liquidity. In particular, the liquidity coverage ratio is 5.2 times higher than the norm set by the Central Bank.
Aloqabank retained its third place in the overall rating as one of the largest banks with a state share. The share of the bank's term deposits in the total volume of loans amounted to 56 percent, which is higher than that of other banks with the participation of the state share.
At the same time, the share of deposits and loans from other banks and financial institutions in the total liabilities of Alokabank amounted to 26 percent, and the share of borrowings from the state was 11 percent, which is lower than the average indicators (17 percent) of the banking system.
In the overall rating, the greatest growth in the first quarter was shown by Microcreditbank and Uzpromstroybank, having improved their indicators by four points compared to the fourth quarter of last year.
Also, Davrbank, Ziraatbank and Universalbank, the three leaders in the overall rating of activity of 14 small banks of Uzbekistan in the 1Q2021 remained unchanged compared to the fourth quarter of 2020.
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