Credit rating uzA reflects high level of solvency of Bank Ipak Yuli. The rating reflects high level of the bank solvency, low level of credit risks in its activity. Ability of the bank to timely and fully execute its financial liability is assessed as high compared to other bank, possessing lower rating. But change of commercial, financial and economic conditions can affect ability of the bank to implement its financial liability in higher level compared to the banks with higher ratings.

In the fourth quarter of 2010, the bank demonstrated stable growth of financial figures. The assets rose by 25.95% year-on-year to 527.2 billion soums. The volume of credit portfolio grew by 13.78% year-on-year to 172.5 billion soums. At the same time, share of loan portfolio in assets structure made u 32.72%. The bank’s loan portfolio evaluated as concentrated. So, the main part of issued loans in the fourth quarter of 2010 fell to share of industry – 43.05% (39.73% in 4Q 2009), trade and catering – 28.45% (32.62% in 4Q 2009), construction – 7.56% (7.3% in 4Q 2009) and other sectors – 20.02% (19.66% in 4Q 2009).

Bank Ipak Yuli demonstrated positive financial results of its activities in the fourth quarter of 2010. At the same time, source of income generation of the bank has stable growth and good quality. Net commission income of the bank made up 16,8 billion soums in the reporting period, and occupies significant share in total volume of the bank’s operational income, which made up 50.03% in the fourth quarter of 2010.

In the reporting period, net income of the bank grew by 31.1% year-on-year and reached 10 billion soums. At the same time, profitability assets and equity capital of the bank made up 2.12% and 40.26% (2.11 and 42.75% in 4Q 2009) respectively. Ahbor-Reyting believes that short-term perspective profitability figures of the bank will be in acceptable level.

Capitalization of Bank Ipak Yuli is considered as high. In the reporting period, the own capital of the bank grew by 34.41% year-on-year to 47 billion soums in the fourth quarter of 2010, including equity capital increased by 39.64% to 29.1 billion soums. Simultaneously, the capital adequacy of the bank strengthened in the reporting period. The coefficient of capital adequacy and the first level capital comprised 16% (14.3% in 4Q 2009) and 13.2% (11.6%) respectively.

According to Ahbor-Reyting, successful implementation of new requirements of regulator on increasing authorized capital to 10 million euros in soum equivalent helped to ensure safety margin of the bank capital to near future.

In the reporting period, Bank Ipak Yuli supported positive liquid position. In the fourth quarter of 2010, share of liquid assets made up 54.57% (51.96% in 4Q 2010). Current assets of the bank grew by 33.96%, while current liabilities rose by 25.27%. At the same time, current liquidity of the bank made up 78.2% (73.13% in 4Q 2009).