OREANDA-NEWS. April 13, 2011. Kredit-Standart open joint-stock commercial bank has summed up results of activity in the first quarter of 2011. Assets of the bank in the reporting period comprised 271.9 billion soums, the index grew by 4.9% compared with January-March 2010.

Credit portfolio of Kredit-Standart bank increased more than twice to 39.2 billion soums, portfolio of investments and securities made up 20.9 billion soums (+29%), owned capital – 42.4 billion soums (+19.8%), and net profit was fixed at 2.5 billion soums (+19%).

The bank issued 14.6 billion soums worth credits in January-March 2011, including 3.7 billion soums to small business and private entrepreneurship entities. As a whole, the bank's corporate clientele grew by 5.2% in the first quarter.

Kredit-Standart bank emitted 3,163 soum plastic cards and it has nearly 54,400 cards in circulation. Emission of VISA currency cards rose twofold. The bank installed 470 payment terminals, 4 info kiosks and 2 terminals at trading service points as of 31 March 2011. The number of transaction with the bank's plastic cards made up 1.25 million in the first three months of 2011.

Kredit-Standart bank was founded on 16 August 2003 with charter capital worth 1.3 billion soums. The bank is headquartered in Tashkent. According to Global Finance magazine, the bank was conferred "The best bank of Uzbekistan" titles in 2008, 2009, 2010 and 2011.