The rating of Amirbank takes into account satisfactory capitalization and relatively low level of liquidity of the bank. The rating also takes into account stable growth assets and related risks, relatively high loan risks, limited business scale and number of clients, low quality of assets.

Business scale of Amirbank grows in stable tempo. In the second quarter of 2012, the assets of the bank grew by 26.88% year-on-year to 23.5 billion soums in the second quarter of 2012 (18.5 billion soums in 2Q 2011). At the same time, loan portfolio of the bank decreased by 7.06% to 9.9 billion soums (10.6 billion soums in 2Q 2011).

Taking into account this, its share in total assets of the bank decreased from 57.43% in the second quarter of 2011 to 42.07% in the same period of 2012. It is worth to mention that Amirbank increased income-bearing assets almost four times in the reporting period and reached 3.3 billion soums in the result of the second quarter of 2012. This was result of the growth of investment portfolio by 3.9 times and its volume reached 2.9 billion soums. Share of investment portfolio in total assets reached 12.32% (4.01% in 2Q 2011).

Quality of loan portfolio is rated as in acceptable level. It is worth to mention that bad debt of Amirbank made up 0.68% of loan portfolio. Ahbor-Reyting is cautious about non-existence of reserves on possible loss on loans, which increases risks of the bank on timely coverage of loss, caused by bad loans.

In the reporting period, total loans of the bank decreased by 62.91% to 519.2 million soums (1.4 billion soums in 2Q 2011). At the same time, maximum risk of all large loans of Amirbank made up 0.042 (normative – 1).

Liquid position of Amirbank is rated as low. In the second quarter of 2011, all liquid assets of the bank decreased from 16.49% year-on-year and reached 5.84% (8.88% in 2Q 2011) of total assets. At the same time, current assets fell by 14.45% and current liabilities rose by 24.96%. The coefficient of current liquidity decreased from 46.96% in the second quarter of 2011 to 32.15% in the second quarter of 2012.

Main source of funding of Amirbank is clientele accounts, the volume of which made up 8.4 billion soums (6.2 billion soums in 2Q 2011) or 83.8% of total liabilities.

Adequate capital of Amirbank is rated as in acceptable level. In the result of the second quarter of 2012, own capital of the bank rose by 15.57% to 12.8 billion soums. The charter capital increased by 13.33% to 12.2 billion soums. The coefficient of general capital and the first level capital adequacy made up 42.7% and 55.6% (57.6% and 61.5% in 2Q 2011). Level of capital base adequacy made up 54.63% (59.97%), which is rated as high.

In the reporting period, total operation income of the bank rose by 11.78% and expenses increased by 17.11%. In the result, expenses to operation income of the bank grew from 94.84% in the second quarter of 2011 to 99.36% in the second quarter of 2012.

Net income of Amirbank decreased seventimes to 8.7 million (62.3 million in 2Q 2011). At the same time, the profitability figures also decreased. Profitability of assets and own capital made up 0.04% and 0.07% (0.44% and 0.71% in 2Q 2011) in the reporting period. Interest margin and interest spread of Amirbank made up 2.34% and 0.45% respectively (5.55% and 3.12% in 2Q 2011).