Agrobank Aggregate Capital Up by 31%, Assets by 35% in 1H 2009
OREANDA-NEWS. August 10, 2009. Created with a purpose on further development of agricultural sector, Agrobank open joint stock commercial bank, in the first half of 2009 demonstrated further dynamical growth of its activity indicators.
Aggregate capital of Agrobank made up 166.9 billion soums as of 1 July 2009, which is 31% higher than the indicator of the same period of 2008. The bank's assets reached 1,551.5 billion soums, displaying the growth by 35% compared with January-June 2008.
Agrobank's resource base comprised 1,298.7 billion soums as of 1 July 2009, which demonstrates an increase by 30% in comparison with first half of 2008.
In the reporting period, credit investments of Agrobank reached 1,182.9 billion soums. The growth of this indicator in comparison with similar period of the previous year makes 35%.
The bank issued some 125.9 billion soums to small businesses, of which 120.7 billion soums were the bank's owned capital, and 5.2 billion soums were the financial resources attracted by the bank.
With a purpose of modernization and technical and technological re-equipment of enterprises of economy real sector, Agrobank directs credit resources to agricultural sphere, on improving of material-technical base of enterprises, industrial sphere, construction and other sectors of economy. In all, the balance of the bank's investments as of 1 July 2009 made up 434.7 billion soums, having increased by 45% from the beginning of year.
Thereby, in correspondence with its tasks, Agrobank continues carrying out work on further improvement of agricultural production, assisting on development of enterprises of economy real sector and affecting to growth of population wealth.
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