OREANDA-NEWS. On July 27, 2009 Ipoteka-bank has summed up the results of activity in the first half of 2009. The bank actively carried out measures on increase of capitalization. Thus, own funds of the bank grew 7.3% (7 billion soums) in the reporting period and have made up 103 billion soums.

In line with the general shareholders' meeting on results of 2008 Ipoteka-bank's reserve fund has been replenished with 40% of the bank's net profit (6 billion soums).

In January-June 2009, Ipoteka-bank issued credits to economic entities and individuals worth a total of 211.3 billion soums. The balance of credit investments of the bank as of 1 July 2009 comprised 359.4 billion soums. The share of credit investments in the bank's total assets made up 54.8%.

Ipoteka-bank assists actively the development of small and private business. As of 1 July 2009, the bank's functional divisions were serving 51,915 small business entities. In all, the bank's branches allocated some 77.9 billion soums to support this sector.

The volume of Ipoteka-bank's loans to small businesses exceeded 91 billion soums as of 1 July 2009, which is 25.3% of the total sum of credit investments. Some 3,870 work places have been created thanks to the credits issued to small business sector support.

In the first half of 2009, Ipoteka-bank continued work on expansion of mortgage crediting. During this period the bank issued mortgage credits to 600 individuals worth 15.6 million soums for buying houses/apartments, as well as construction and reconstruction of own houses.

In the reporting period the bank continued developing the system of cashless payments, including due to increase of the volume of transactions through plastic cards in national currency. As of 1 July 2009, the bank was serving 504,800 plastic cards, 2,947 units of terminal equipment, 11 ATMs. In the first six months of 2009 the bank emitted additionally 4,500 plastic cards and installed 4 new ATMS in densely-populated points of Tashkent.

The sum of transaction on plastic cards reached 187.4 billion soums in 1H 2009, while cashless payments made up 85.4 billion soums, which is 3.5 times more than in 1H 2008. The balance on cards as of 1 July 2009 comprised 26.1 billion soums, which is 1.5 times (15.9 billion soums) more on the year-on-year basis.