Aggregate capital of commercial banks of Uzbekistan reached over 6.3 trillion soums as of 1 April 2013 or grew by 23.53% year-on-year in the first quarter of 2013, the press service of the Central Bank of Uzbekistan said.

The level of current liquidity of the banking system exceeds 65% in last five years, which twice higher than the set minimum level.

Total assets of the bank grew by 30.5% year-on-year in the first quarter of 2013 and made up over 36.4 trillion soums. In the first quarter, total volume of loans, issued to real sector of economy, rose by 31% year-on-year and currently their total volume exceeds 21 trillion soums.

The volume of investments loans jumped 1.3 times and reached over 1.7 trillion soums as of 1 April 2013.

The commercial banks accepted 120 insolvent enterprises to their balance and they were sold to strategic investors after their capacities were rehabilitated. It helped to create 25,000 new jobs. These enterprises exported products for US$560 million.

The volume of loans issued to small businesses rose 1.4 times year-on-year and as of 1 April 2013 hit 1.6 trillion soums. The volume of microloans made up 338 billion soums, which rose 1.3 times year-on-year.

The Central Bank said that the volume of deposits rose 2.6 times in last three years and their volume currently makes up over 23 trillion soums.

In the reporting period, share of banks in total volume of financial services made up 87.1% and the figure growth each year. (Source: UzDaily.com).

Share of small business in Uzbekistan’s GDP hits 40.5% in 1Q

Share of small business in gross domestic product (GDP) of Uzbekistan grew from 39.9% in the first quarter of 2012 to 40.5% in the same period of 2013, a publication of the Ministry of Economy and State Statistics Committee of Uzbekistan said.

The report of the state bodies said that small businesses increased their share in industrial production from 19.5% in the first three months of 2012 to 21.2% in the reporting period.

At the same time, share of the sector in used investments reached 41.1% (34.3% in 1Q 2012) and employment – 75.1% (74.7%) in January-March 2013. (Source: UzDaily.com).