OREANDA-NEWS. January 21, 2011. Universalbank private open joint-stock commercial bank is actively developing its business in the local market of banking services. The bank achieved impressive results last year.

On the results of 2010 Universalbank's aggregate capital comprised 13.5 billion soums (adding 44.7% versus 2009), the charter fund exceeded 11.2 billion soums (adding 97.3% versus the previous year), the bank's assets made up 33.8 billion soums (adding 28% versus 2009).

Universalbank's credit investments as of 1 January 2011 made up 10.3 billion soums adding 19.8% as against 2009.

To be noted, in 2010 Universalbank actively rendered financial support to small and medium business, credited housing construction in rural areas. As a result total volume of microcredits extended in 2010 achieved 375.7 million soums (1,547.8% growth), the volume of mortgage loans comprised 363.6 million soums (13.4% growth).

Credits extended by Universalbank to subjects of small enterprises made up 12.8 billion soums. Moreover, Universalbank attracted free money resources of the population to bank deposits. For those purposes the bank launched new types of deposits by increasing the number of deposits in national currency up to 19 and deposits in foreign currency – up to 3. On the results of 2010 the volume of money resources at clients' deposits amounted to 3.15 billion soums, by adding 14.1% during a year.

Universalbank is constantly working on further increase of client base. As a result of successful activity in this direction the number of bank's clients as of 1 January 2011 amounted to 17,204 (13.9% increase). The structure of client base indicates the increase of number of enterprises with foreign investments by 47%, an evidence of growing quality of banking services.

Universalbank works on improvement of existing business processes to ensure their further improvement, unification and service development. Thus, in 2011 the bank plans to launch a call center, more userfriendly and functional website.

Universalbank works on expansion of its branch network and plans to have its activity rated by one of the largest international rating agencies such as Standard&Poor's, Fitch Ratings, Moody's Investors Service.

In summer 2010 Universalbank started large scale restructuring of its branches. Undoubtedly, all changes in banking system started in 2010 will be successfully completed in 2011 so that Universalbank will contribute to development of our country, increase of the population's welfare.