The uzA rating in line with the national rating scale reflects high solvency of the Credit-Standard Bank. The bank has high ability to execute its financial liabilities in time and fully.

The rating agency said that main financial figures of the bank showed positive trend. The volume of loan portfolio grew 9.3% year-on-year to 40.7 billion soums in the second quarter of 2011.

In the reporting period, the bank had no bad loans. Investment portfolio of the bank rose by 41.7% year-on-year to 18.3 billion soums in the reporting period.

Liquid position of the bank’s balances rated as high by the rating agency. Capital adequacy of the bank is supported at high level. Ahbor-Reting believes that the profitability of the bank will be in acceptable level in short-term period.

Ahbor Reyting said that Credit Standard Bank is one of dynamically developing banks in Uzbekistan and support competitive position in the banking sector.

The bank actively supports economic reforms, carried out in Uzbekistan through financing priority projects of the economy and serving credit lines of international financial institutions and foreign banks.

Credit Standard Bank was founded on 16 August 2003 with the charter capital of 1.3 billion soums. Headquarters of the bank is located in Tashkent. As of 1 September 2011, the assets of the bank reached 204.7 billion soums and capital of the bank made up 45.9 billion soums.