Aloqabank

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.

Aloqabank
Алокабанк
TypePublic (Joint-stock company)
IndustryBanking, Financial Services
FoundedMarch 22, 1994 (1994)
HeadquartersTashkent, Uzbekistan
Key people
Kammuna Irisbekova (Chairman of the Board)[1]
Sukhrat Sadikov (Chairman of the Supervisory Board)[2]
ProductsConsumer banking
Corporate banking
Finance
Mortgage loans
Savings
Debit cards
UZS 33.816 billion (2015, IFRS)
UZS 25.348 billion (2014, IFRS)[3]
UZS 27.039 billion (2015, IFRS)
UZS 20.322 billion (2014, IFRS)[3]
Total assets UZS 1.188 trillion (2015, IFRS)
UZS 1.006 trillion (2014, IFRS)[3]
Total equity UZS 173.843 billion (2015, IFRS)
UZS 140.127 billion (2014, IFRS)[3]
Number of employees
1 157 (July, 2016)
Capital ratio13.9% (2015)
Websitewww.aloqabank.uz

Aloqabank was founded under the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan No. 502 on October, 12th in 1994.[4][5][6]

Ownership

At 1 July 2016, the interest of the shareholders in the Bank’s share capital was:

No. Company Proportion in %
1 Center of Electromagnetic Compatibility 21.36
2 Fund of the Development of Information-Communication Technologies 21.36
3 JSC "Uzbektelecom" 18.97
4 Tashkent University of Information Technologies 6.45
5 JSC "Alskom" Insurance Company 6.44
6 Mekhnat Pivo LLC 4.76
7 The Ministry for Development of Information Technologies and Communications of the Republic of Uzbekistan 2.70
8 SUE "The Center of a radio communication, broadcasting and television" 2.41
9 Agricultural Company "Mekhnat" LLC 2.17
10 "DD General Insurance" LLC 1.59
11 JSC "Uzbekiston Pochtasi" 1.22
12 Other shareholders 10.57

Management

The Chairman of the Board (CEO) is Kammuna Irisbekova, confirmed by the General Meeting of Shareholders in September 2017.[1]

The Chairman of the Supervisory Board of Aloqabank is Sherzod Shermatov, Acting Minister of Development of Information Technologies and Communications of the Republic of Uzbekistan.[2]

Main business

The main business activities of the bank are:

Retail Banking

Corporate Banking
  • bills acceptance and discounting
  • issuing of financial bonds
  • provision of letters of credit and guarantee facilities
  • bank card business

Aloqabank is a participant of:

  • Uzbekistan Banking Association
  • Currency Exchange of the Republic of Uzbekistan
  • Fund for “Guaranteeing citizens' deposits in banks”
  • “Tashkent” Republican Stock Exchange
  • National payment system of Uzbekistan
  • International payment system SWIFT
  • International payment system VISA
  • Association of Lessors of Uzbekistan.

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%

Ratings
Credit ratings[7]
Aloqabank
AgencyCategoryAssigned rating
Moody’s Investors Service Outlook Stable
Bank deposits – Foreign Currency B2/NP
Bank deposits – Domestic currency B1/NP
Baseline Credit Assessment B2
Counterparty Risk Assessment B1(cr)/NP(cr)
Ahbor–Reyting
(National Rating Company)		 Outlook Stable
Creditworthiness uzA+ (Very High)

See also

References
  1. "Aloqabank – Executive Board". Aloqabank.uz. Retrieved 8 August 2016.
  2. "Aloqabank – Supervisory Board". Aloqabank.uz. Retrieved 8 August 2016.
  3. "Aloqabank – IFRS Report for 2015" (PDF). Aloqabank.uz. Retrieved 8 August 2016.
  4. "Aloqabank – About bank". Aloqabank.uz. Retrieved 8 August 2016.
  5. "Uzbekistan Banking Association – Joint-Stock Commercial "Aloqabank"". Uba.uz. Archived from the original on 20 August 2016. Retrieved 8 August 2016.
  6. "Central Bank of Uzbekistan – Commercial Banks". Cbu.uz. Retrieved 8 August 2016.
  7. Aloqabank – Ratings
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