JSCB 'Mikrokreditbank' (MCBA) announced announced the results | Avesta Investment Group - Uzbekistan

JSCB "Mikrokreditbank" (MCBA) announced announced the results of 1Q2021:
* Total assets increased 1.7 times YoY and reached 10.65 trillion UZS;
* Total equity is by 13.3% higher or at 1.77 trillion UZS;
* Total liabilities equaled 8.87 trillion UZS or by 1.8 higher;
* Net interest income increased 1.7 times and reached 144.4 billion UZS, but sufficient reservation lead to net loss after reservation at 148.3 billion UZS;
* Net fee and commission income increased 5.2 times and amounted 251 billion UZS;
* Net profit reached 8 billion UZS;
* Estimated P/B ratio at the level of 1,068 UZS per share - 0.93;
* Estimated P/E ratio at the level of 1,068 UZS per share - 9.03.