The bank with uzA rating has high potential for timely and full execution of its financial liabilities before creditors, depositors and investors. But, changes in commercial, financial and economic conditions can impact its ability to execute financial liabilities more compared to the bank with higher rating.

Main positive factors, which impact to high rating of Asia Alliance Bank, are high business activity, favourable assets quality, high level of solvency, good level of profitability, as well as positive assessment of the corporate management and risk management system of the bank. At the same time, high growth of assets pressure capital adequacy and requires additional capital investments.

In the reporting period, Asia Alliance Bank continued active expansion of its activities. In the first quarter of 2013, the bank opened new Almazar and Mirzo-Ulugbek branches in Tashkent, expanded network of banking service centers, which shows intention of the bank to expand accessibility of its services. This will also allow to diversity the bank’s activities and give additional stability to its financial conditions.

In the first quarter of 2013, the assets of the bank rose over twice year-on-year and reached 879 billion soums. In particular, income-bearing assets grew over twice and made up 64% of total assets (67% in 1Q 2012). The size of loan portfolio of Asia Alliance Bank exceeded 121 billion soums, which jumped twice year-on-year.

Liquid position of Asia Alliance Bank is rated as favourable. As of 31 March 2013, share of liquid assets made up 78% of total assets. Coefficient of current liquidity reached 107.67%, which is rated as high level. Main part of the bank’s funding comes from corporate clients.

The bank adopts measures to expand capital base in the context of the high growth of assets. Own capital of Asia Alliance Bank grew by 79% year-on-year to 69.4 billion soums (38.7% in 1Q 2012) in the first quarter of 2013.

In particular, share capital of the bank rose 2.3 times year-on-year in the first quarter of 2013 and made up 51.5 billion soums (22.5 billion soums in 1Q 2012). The ability of the bank to generate capital due to internal sources is rated as high due to good profitability of Asia Alliance Bank. In the first quarter of 2013, net income of the bank made up 9 billion soums, which rose 2.3 times year-on-year.