Alp Jamol Bank Reports 21,4% Assets Growth in 2009
OREANDA-NEWS. January 27, 2010. Alp Jamol private open joint-stock commercial bank summarized results of activity in 2009. During the reporting period the bank achieved growth of the basic indicators, which allowed to strengthen its position in the market of Uzbekistan.
The bank secured growth of assets at their optimum structure from the point of liquidity, risk and yield, as well as adequacy of sources of their formation during the last year. Alp Jamol bank's assets grew by 21.4 % in 2009 to comprise 118.6 billion soums as of 1 January 2010. The trend of assets growth of the bank has stable character.
The bank's own capital reached 15.9 billion soums at the end of 2009, growing by 19.5% in comparison with the beginning of 2009. It allowed the bank to extend the spectrum and volume of operations and preserve high rates of business development.
Alp Jamol bank's profit after tax payments comprised some 6 billion soums in 2009. The positive fiscal effect was reached at the expense of the weighed approach to business dealing and observance of main principles of corporate management.
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