OREANDA-NEWS. November 10, 2010. The development of retail business is one of foreground directions of activities of commercial banks. Asaka bank joint-stock commercial bank is actively inducing free money resources of the population to bank deposits.

For this purpose Asaka bank experts developed a wider range of deposit products. Presently the bank offers 77 types of deposits, 25 of them were introduced this year.

Due to fast Asaka bank's adaptability to changes at deposit markets, for nine months of 2010 the bank has been showing the tendency to increase the volume of deposits in national currency attracted by individuals.

The bank deposit balance added 34.9 billion soums, or 23/7% from the beginning of 2010 and made up 182.2 billion soums as of 1 October 2010.

Moreover, the bank is actively developing cashless settlement by the use of plastic cards, one of the most popular payment tools in the system of electronic payments. Thus, on the results of nine months of 2010 the bank installed 4,780 terminals including 4,509 trade terminals, 154 municipal and 117 cash terminals.

Asaka bank has emitted 592,800 soums and 113,700 international plastic cards so far, 5,960 salary projects are being implemented at different companies and enterprises. To be noted, the share of cashless operations with the use of plastic cards is rapidly growing. The turnover at Asaka bank terminal network for January-September 2010 exceeded 296.9 billion soums.

Asaka bank is constantly improving forms and methods of servicing the population and actively expanding its geographical cover zone. Presently, the bank system covers 26 branches, 107 mini-banks and 1,083 saving and special cash payment points. For nine months of 2010 the bank received payments at the total sum of 21.7 billion soums, 6.3 billion soums.

Thus the dynamics of the development of Asaka bank's retail services indicates the high demand for it among clients. To increase its competitiveness the bank plans to develop and introduce new financial products and services for individuals concerning their requirements.