# 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 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:
| 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.
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%

## Ratings

Credit ratings :
| Aloqabank |||
| Agency | Category | Assigned rating |
| Moody’s Investors Service | Outlook | Stable |
| Moody’s Investors Service | Bank deposits – Foreign Currency | B2/NP |
| Moody’s Investors Service | Bank deposits – Domestic currency | B1/NP |
| Moody’s Investors Service | Baseline Credit Assessment | B2 |
| Moody’s Investors Service | Counterparty Risk Assessment | B1(cr)/NP(cr) |
| Ahbor–Reyting (National Rating Company) | Outlook | Stable |
| Ahbor–Reyting (National Rating Company) | Creditworthiness | uzA+ (Very High) |