OREANDA-NEWS. December 25, 2009. Alp Jamol Bank, a private open joint-stock commercial bank, achieved further growth of basic indicators of activity and continued strengthening positions in the market of bank services of Uzbekistan during January-November 2009.

One of the bank's primary goals during this period was providing growth of assets at its optimum structure in accordance with liquidity, risk and profitableness, as well as adequacy of sources of their formation. Alp Jamol Bank's assets grew by 14% in the reporting period and as a result of taken measures made up 111.7 billion soums as of 1 December 2009.

The growth trend of the bank's assets during this period had stable character. It should be reminded that the administration of Alp Jamol Bank is planning to make the volume of assets worth 150 billion soums by the end of 2009.

Owned capital of the bank made up 14.6 billion soums in January-November 2009, having increased by 9.9% in comparison with the beginning of the year. That allowed the bank to extend the range and volume of operations and retain high rates of the bank's development.

The profit of Alp Jamol Bank exceeded 4.6 billion soums after the payment of taxes. The positive financial result was achieved due to the weighed approach to business dealing and observance of the main principles of corporative management.

Alp Jamol Bank implemented all the norms established by the Central bank of Uzbekistan as of 1 December 2009. In particular, the indicator of the bank's capital adequacy makes up 14.1% (at the minimum of 10%), the indicator of current liquidity was 55.5% (at the minimum of 30%).

Hence, thanks to consecutive financial policy, Alp Jamol Bank preserved the reputation of a reliable partner, showing consecutive dynamic development of all directions of activity.