The rating of Amirbank takes into account adequate capitalization, balanced liquidity, as well as some improvement in financial results. The rating also takes into account fast growth of assets and related risks, relatively high exposure of the balance to credit risks, limited business scale and calenture of the bank, acceptable quality of the assets.

One of the youngest private banks, Amirbank demonstrates improved financial activity. In the second quarter of 2011, the assets of Amirbank grew by 93.81% to 18.5 billion soums. The volume of loan portfolio grew by 70.70% year-on-year to 10.6 billion soums in the second quarter of 2011. The loan portfolio of the bank rated as concentrated. Main share of loans of Amirbank were issued to enterprises of trade and catering (38.72%) and industry (32.63%). In the second quarter of 2011, all income beating assets of the bank grew by 64.71% year-on-year, mainly due to growth of credit portfolio. In the reporting period, investment portfolio increased to 743.3 million soums, which made up 4.01% of the bank’s assets.

The loans issued, by the bank in the second quarter of 2011, the loans were secured with real estate (52.2%) and equipment – 11.17%. At the same time, unsecured loans made up 1.4% of credit portfolio of the bank. All credits of Amirbank classified as good, the agency said.

Amirbank’s liquid position rated in acceptable level. Liquid position of the bank’s assets grew by 20.5% year-on-year to 1.6 billion soums. At the same time, current assets of the bank grew by 11.07% year-on-year to 2 billion soums. Liabilities of the bank jumped twice to 4.4 billion soums.

At the same time, the coefficient of liquid position of Amirbank decreased from 89.76% in the second quarter of 2010 to 46.96% in the same period of 2011. Ratio of loan portfolio to deposits and attracted money resources fell from 207.09% in the second quarter of 2010 to 145.64% in the same period of 2011.

Own funding resources of the bank are client accounts, which account 83.18% of the bank’s liabilities in the second quarter of 2011. At the same time, all deposits of the clients made up 84.44% of attracted resources in the reporting period.

Own capital of the bank grew by 70.67% year-on-year to 11.1 billion soums in the second quarter of 2011, which is lower than set level for private banks by the Central Bank of Uzbekistan – 5 million euros. The growth of own capital was achieved due to equity capital by 72.47%.

In the second quarter of 2011, the coefficient of capital adequacy and the first level capital adequacy made up 57.60% and 61.5% (65% and 71.6% in 2Q 2010) respectively. At the same time, own capital adequacy of Amirbank made up 59.97% (68.1% in 2Q 2010).