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NEWS AND EVENTS
May 23, 2013
Credit portfolio of NBU reaches 6.206 trln. soums
The volume of credit portfolio of National Bank of Uzbekistan for Foreign Economic Activity (NBU) made up 6,206 trillion soums as of 1 April 2013, the press service of the bank. (Currency rates of CB from 23.05.2013 1$=2077.92soums)

The bank’s press service underlined that share of long-term loans in total credit portfolio made up 92%.

Currently, NBU issued loans almost to all sectors of economy of Uzbekistan. The largest bank of Uzbekistan also finances projects in fuel-energy complex.

In particular, the bank finances investment projects on construction of combined-cycle plants at Navoi thermal power station (capacity – 478 megawatt and the loan sum – 286.2 million euros), Tashkent thermal power center (capacity – 370 megawatt and loan – US$76.2 million) and Talimarjan thermal power station (two facilities with the capacity of 450 megawatt each, loan – US$240.86 million) due to own resources of the bank and credits of Fund for Reconstruction and Development of Uzbekistan.

The NBU and Uzbekenergo state joint stock company signed loan agreements for US$687 million to finance these three projects. Besides, the loan for US$220 million under the guarantee of the NBU was issued to finance investment project “Construction of combined-cycle plant with the capacity of 370 megawatt at Tashkent thermal power center”.

The projects are aimed at ensuring uninterrupted and guaranteed energy supply to population and enterprises of Uzbekistan. The NBU also attracts several credit lines of international financial organizations such as the EBRD, ADB, KfW, OPEC Fund, IDB, Eximbank of Korea and China Development Bank. The resources were used to finance projects directed at producing import-replacing and export-oriented goods and serve to increase share of small businesses in GDP, etc.

In particular, the bank financed 13 projects for US$64.38 million due to credit line of Eximbank of Korea.

The NBU allocated US$74.99 million to finance 162 projects due to credit line of the China Development Bank.

The credit line of Landesbank Berlin helped to finance six projects for US$39.54 million.

In the first quarter of 2013, National Bank allocated loans for 249.4 billion soums to small businesses in national currency.

National Bank of Uzbekistan also issued microloans for 30.9 billion soums in the first quarter of 2013 due to all sources.

According to the bank, its consolidated balance in national currency made up 12.759 trillion soums and net income – 21.5 billion soums. The capital hit 1.011 trillion soums.

(Source: UzDaily.com)


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