Rating of Credit Standard Bank 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.

Credit Standard Bank is one of the leading banks of Uzbekistan and hosts strong position in Tashkent region. Since its foundation, the bank has demonstrated dynamic growth of financial figures, especially in last two years. Assets of Credit Standard Bank rose by 12% year-on-year to 275.9 billion soums in the fourth quarter of 2010.

At the same time, the volume of loan portfolio made up 41.39 billion soums in the reviewed period and its share in assets structure made up 15%. At the same time, the loan portfolio of the bank in the reviewed period is assessed as concentrated enough. So, the main part of loans in the fourth quarter fell to share of industry – 63.84% (74.05% in 4Q 2009), transport and communication – 18.4% (15.5%in 4Q 2009), trade and catering - 8.93% (5.34%), construction – 6.26% (0.63%) and other sectors – 2.51% (4.47%).

In the reviewed period, Credit Standard Bank supported positive liquid position. So, share of liquid assets of the bank in aggregate assets made up 73.99% in the fourth quarter of 2010 (54.73% in 4Q 2009) and their sum reached 204.2 billion soums at the end of 2010. Simultaneously with the growth of current assets liquidity by 49.55%, Credit Standard Bank recorded 10.23% of current liability of the bank.

In the considered period, the own capital of the bank grew by 4.96% year-on-year to 34.9 billion soums, while equity capital of the bank rose twice to 20.1 billion soums. Simultaneously, the capital adequacy of the bank strengthened in the fourth quarter of 2010. So, the coefficient of capital adequacy and first level capital made up 27.3% (19.2% in 4Q 2009) and 20.6% (17.2%) respectively.

In the fourth quarter of 2010, the main financial figures of Credit Standard Bank showed positive trends. Net commission income made up significant share in total volume of operation income of the bank, which comprised 54.79% in the fourth quarter of 2010. At the same time, net commission income grew by 49.89% year-on-year to 13.3 million soums in the fourth quarter of 2010.

In the fourth quarter of 2010, net income of the bank increased by 36.6% year-on-year to 8.59 billion soums. At the same time, the profitability of assets and own capital of the bank made up 3.29 and 25.21% (2.59 and 19.54 in 4Q 2009) respectively.

Ahbor-Reyting believes that in the short-term period profitability figures of the bank will be kept at acceptable level. Credit Standard Bank is one of the dynamically developing banks of Uzbekistan and supports competitive position in the banking sector. At the same, the bank actively supports economic reforms, conducted in Uzbekistan through financing projects and serving credit lines of international institutes and foreign banks.