OREANDA-NEWS. The totals of the first half-year of 2007 have demonstrated a successful development of OJSC “AsiaUniversalBank”.Increase of the bulk of assets, deposit base and equity capital as well as net profit made by the Bank during the six months of 2007 confirm the work’s efficiency in the period under review, reported the press-centre of AUB.

 According to the totals of the first half-year AUB’s total revenue came up to 208,5 million soms, the Bank’s net profit increased more than twice over the similar showing of the past year and amounted to 67,2 million soms.

The Bank’s assets increased year-to-date by 5,1%, and formed 5,8 billion soms as of July 1, 2007; the increase of assets resulted from the growth of income-earning assets of the Bank. In the period of report the Bank exercised investments in securities, consequently the securities portfolio increased by 34,4% and amounted to 1,0 billion soms.

The bulk of funds on the accounts of customers made up 4,6 billion soms as of July 1, 2007; the onflow in the first half-year constituted 5% or 216,5 million soms. In the first half-year of 2007 the Bank made its credit activities at the Kyrgyz market more intensive.

 The Bank strengthened its position in the sphere of mortgage lending as well as of crediting of small and medium-sized businesses. The Bank’s credit portfolio grew substantially, the volume of the loans issued for the six months of the current year has increased by 42,7% and reached 1,2 billion soms as of the balance sheet date.

Year-to-date the aggregate capital of the Bank has increased by 26,1% and amounted to 773,8 million soms; the Bank’s authorized capital has increased as against the beginning of the year by 100 soms thanks to an additional issue placed in May, 2007, and totaled 400 million soms.

Thus, according to the totals of the first half-year AUB keeps on leading at the market of banking services of the Kyrgyz Republic. AUB takes the first place by the amount of its assets, deposit base and equity capital. According to the net profit gained in the period under review the Bank is among top three country’s banks.