Credit Standard Bank sums up 3Q results

As of 1 October 2009, the assets of Credit Standard Bank made up 320.621 billion soums or grew by 34% compared to the beginning of 2009. Loan portfolio of the bank rose by 58% to 29.185 billion soums.

Investment and securities portfolio increased by 33% to 17.28 billion soums and deposits of the client grew by 32%. Own capital of Credit Standard Bank comprised 31.958 billion soums and revenue - 4.993 billion soums.

The bank said its corporate clientele base grew by 30% in three quarters of 2009. Among clients are large state companies, enterprises with foreign capital, etc.

Credit Standard Bank said it emitted 9,500 banking cards within co-branding project with Korzinka.uz supermarket’s chain.

The bank said it has four branches and 13 mini-banks in Uzbekistan. It is planned that the bank will open some more branches.