Joint-Stock Commercial Aloqabank (Aloqabank, , ) is an Uzbek banking and financial services company headquartered in Tashkent.
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:
Management
The Chairman of the Board (CEO) is Kammuna Irisbekova, confirmed by the General Meeting of Shareholders in September 2017.
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.
Main business
The main business activities of the bank are:
Retail Banking
automated teller machines
deposits taking
provision of loans
local and international payments and settlements
debit cards
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 1,188.4 billion soum; net profit and equity constituted 29.0 and 173.8 billion soum respectively. Earnings per preference share (2015) accounted for 114 soum; earnings per ordinary share (2015) comprised 27 soum. Tier 1 Capital Adequacy Ratio = 16.26% Regulative Capital Adequacy Ratio = 17.01%