OREANDA-NEWS. February 12, 2009. In 2008 AsiaUniversalBank’s net profit was 367.9 million soms, an increase of 79.2 million soms compared to the same period in 2007, reported the press-centre of AsiaUniversalBank.

On this showing AUB is clearly the leading Bank in the Kyrgyz Republic. AUB also holds the number one position in the country in terms of total assets, deposits and total capitalization. Thus, for 2008 OJSC “AsiaUniversalBank” has continued to grow and strengthened its position in the Kyrgyz Republic’s banking system.

The year 2008 is of particular note in the country’s financial sector due to the merger of OJSC “AsiaUniversalBank” with OJSC “Kyrgyzpromstroibank”. The two financial institutions together have created the largest bank branch network in the Republic. AUB can now serve its clients through more than 80 branch offices throughout the country.

As of January 1st, 2009 the Bank’s total assets were 12.4 billion soms, an impressive increase of 41.4% recorded in 2008. The corporate and individual credit portfolio volume reached 2.3 billion soms. The Bank actively invested in the securities market and as a result its volume of securities increased in 2008 by 7.4%. The Bank's financial investments portfolio consists of marketable obligations and securities of dependable issuers.

During the year 2008 the total Bank’s liabilities increased by 35.1%, and at the beginning of 2009 amounted to 9.9 billion soms. AUB’s deposit base maintained its positive growth trend with clients’ account balances growing by 2.6 billion soms, reaching a total of 9.2 billion soms at the end of 2008.

The positive growth of term deposit volumes was a direct result of Bank’s active work in the corporate and retail banking fields.   Last year the Bank developed a new deposit program, which offered its clients a wide range of deposits in both national and foreign currencies. This program offers a variety of terms and conditions, easy to operate accounts with beneficial accrual of interest.

As of January 1st, 2009 AUB’s aggregated capital totaled 2.5 billion soms, having increased by 1.1 billion soms from the beginning of 2008. This considerable increase in authorized capital became an important event in the life of the Bank last year. AUB is demonstrably the leader among the commercial banks of the Republic. “Reserves and retained profit” showing constituted 1.2 billion soms, an increase of a remarkable 88.7% - a reflection of the Bank’s effective efficient professional activities.

The Bank has made considerable financial progress in 2008. Its aggregate revenue of 1.3 billion soms is an increase of 40.6% when compared with the equivalent period in 2007.

AUB is one of the most stable banks in the country, and constantly strives to extend its influence in banking services. In 2008 the Bank joined the MasterCard international payment system as a Principal member. It also began issuing and servicing the “Elcard” national payment plastic card. AUB has an extensive network of ATMs and cash dispenser offices to service these plastic cards. In 2008 the Bank successfully developed and implemented its payment terminals project. Currently there are over one hundred “Master of payment network” terminals, and our customers regularly use them to pay for services, and to repay credits and loans.

In 2008 AUB’s achievements were recognized by leading world business publications, by winning a number of international awards. It received several nominations for “Best Bank in the Republic”, the international publication Global Finance awarded AUB the “Best Emerging Market Bank 2008, Kyrgyzstan”, the “Best Corporate/Institutional Internet Bank 2008” and the “Вest Customer Internet Bank 2008”. 

The Asian Banker journal named AUB the “Best retail bank in the Kyrgyz Republic - 2008”, and “Euromoney” once again made a special mention of the high standards of AsiaUniversalBank’s services by giving it a prestigious “Award for Excellence”.

According to the results of the national contest organized by the Kyrgyz Stock Exchange together with the "AKIpress" news agency, AUB was nominated the "Leader of the stock market: 2008”.