One of the oldest financial institutions in Uzbekistan, Uzpromstroybank saw its assets increased to $4.7 billion in 2020, its board said.
Credit portfolio in the reporting period soared to $3.8 billion, the volume of deposits to $1.1 billion and total capital to $642 million.
Last year, the bank financed a total of 978 projects. These include the production of 5,800 tons of synthetic fiber and fabrics in Shakhrisabz, 5,800 tons of agricultural products in Ferghana, 1.4 million pieces of finished products in Sirdarya, etc.
It allocated $383 million to support 1,235 entrepreneurs who found themselves in a difficult situation due to the pandemic. Exporting companies received $250 million in loans.
Over one hundred exporters were allocated $345 million to replenish their working capital.
The bank, with the assistance of the International Finance Corporation, initiated a mechanism for financing green projects. A total of 17 such projects worth $31.9 million received finance during 2020.
In 2021, the bank plans to increase the volume of its assets to $5 billion and the loan portfolio to $4.3 billion. (Uzreport/Business World Magazine)