We share the main results.
Since August 2023, we have been operating under the Octobank brand. Brand renewal, like all services, takes place gradually — but we, as before, try to give our customers a high-quality service. Now it is 3.1 million individuals and more than 2,300 legal entities.
By developing new products, improving positions in ratings and increasing capital, we focus on the interests of our partners, we want to gain their loyalty and trust. And now we can share some important results for the first half of 2024.
Clients repaid distressed assets worth 324 billion soums
Back in May, the share of distressed assets was 76.9%. But by June, customers had fully repaid their distressed assets — their share fell to zero, and we joined the group of seven banks that have no debt on distressed assets.
What this means for partners: a bank without problematic assets is financially stable and reliable.
Improved positions in the rating of activity of small banks
The bank rose from sixth place to fourth in the report "Bank Activity Index" for the second quarter of 2024 from the Center for Economic Research and Reform (CEIR).
The CEIR generates a rating based on profitability, liquidity, financial accessibility, asset quality and other indicators.
What this means for partners: an improved position in the rating indicates the growth and development of the bank.
We have become partners with the Chinese payment service Tenpay
Tenpay is a subsidiary of the Chinese technology giant Tencent. Tenpay is one of the key players in the online payments market in China, which is integrated into the WeChat app.
Why we entered into a partnership: to help local entrepreneurs work with customers from China who are used to paying with the country's popular WeChat superapp.
You will be able to accept payments on the Internet and offline stores using a QR code and through the payment page.
What else can we share?
According to the results of the second quarter of 2024, our indicators were:
● Assets — 2.7 trillion soums.
● Capital — 529 billion soums.
● Net profit — 49.7 billion soums.
We are developing new solutions for trade and Internet acquiring, one of the fastest growing segments of banking services for legal entities in Uzbekistan.
Big business trusts us
And we are proud to cooperate with them — this is:
● UzEx Commodity Exchange.
● UzAirways Airline.
● Beeline telecom operator.
● Korzinka supermarket chain.
● The HUMO payment system.
● Yandex Eats food delivery services and Yandex Go taxi ordering.
● Uzbekiston Temir Yullari Railway Company.
● The Paynet payment system.
● And other companies.
What to expect in the second half of 2024
We will continue to try to provide high—quality services to our customers - and now we are taking another step in development: we are developing new products, services and tariffs for individuals and legal entities.
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