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Industry Banking, Financial Services Founded March 22, 1994; 23 years ago (1994) Key people Maxmud Abduraxmanov (Chairman of the Board)Khurshid Mirzakhidov (Chairman of the Supervisory Board) Products Consumer bankingCorporate bankingFinanceMortgage loansSavingsDebit cards | ||
Joint-Stock Commercial Aloqabank (Aloqabank, Russian: Акционерно-коммерческий «Алокабанк», Uzbek: Aksiyadorlik Tijorat "Aloqabank", Акциядорлик Тижорат "Алоқабанк") is an Uzbek banking and financial services company headquartered in Tashkent.
Contents
- Ownership
- Management
- Main business
- Retail Banking
- Corporate Banking
- Operations
- Financial indicators
- References
Aloqabank was founded under the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 502 on October, 12th in 1994.
Ownership
At 1 July 2016, the interest of the shareholders in the Bank’s share capital was:
According to the Decree of the President of the Republic of Uzbekistan №2340 28.04.2015 “On measures to increase the proportion and value of private property in the economy” state-owned share of Joint-Stock Commercial Aloqabank in the amount of 47.5% stake is being offered for sale to strategic foreign investors. The starting price of shares is 38.4 million US dollars.
Management
The Chairman of the Board (CEO) is Makhmud Abdurakhmanov, confirmed by the General Meeting of Shareholders on February, 2016.
The Chairman of the Supervisory Board of Aloqabank is Khurshid Mirzakhidov, Minister of Development of Information Technologies and Communications of the Republic of Uzbekistan.
Main business
The main business activities of the bank are:
Retail Banking
Corporate Banking
Aloqabank is a participant of:
Operations
Bank provides a wide range of bank services to the enterprises of the real sector of the economy, small business, private entrepreneurship entities and population in amount of 350,000 through 14 branches, 23 minibanks, 105 operational cash offices and 22 international money transfer offices located in the Republic of Karakalpakstan, regions and Tashkent city.
Financial indicators
According to the audited IFRS report by Deloitte & Touche as of year-end 2015, total assets comprised 1188,4 bln. UZS; net profit and equity constituted 29,0 and 173,8 bln.UZS respectively.
Earnings per preference share (2015) accounted for 114 UZS; earnings per ordinary share (2015) comprised 27UZS.
Tier 1 Capital Adequacy Ratio = 16.26%
Regulative Capital Adequacy Ratio = 17.01%