Assigned ranking reflects high business activity in the market, dynamically developing commercial network, adequate capitalization, acceptable liquid position and strong support of the shareholders. The rating also takes into account risks, related to fast growth assets of the bank and geographic concentration of the business.

First strategy, directed at expanding business scale and strengthening of the position of the bank in the market, as well as support of the shareholders gave additional stability to the business of Ipak Yoli Bank. At the same time, the bank’s rating takes into account fast growth of assets and related risks, significant level of industrial and clientele concentration, as well as potential risks, related with strategy of growth and opportunity to purchase new assets.

In the third quarter of 2012, business scale of the Ipak Yoli Bank grew with fast tempo. In the reporting period, the assets of the bank rose by 29.87% year-on-year to 775.1 billion soums. All income-bearing assets of the bank rose by 39.5%. Their share in total assets of Ipak Yoli Bank rose bfrom 50.79% in the third quarter of 2011 to 54.56% in the third quarter of 2012 and reached 422.9 billion soums.

Loan portfolio of the bank increased by 38.52% and at the same time its share in total income-bearing assets of the bank dropped from 78.03% to 77.48%. Other income-bearing assets rose by 42.99% year-on-year in the third quarter of 2012. Mainly these assets rose due to inter-banking assets by 4918%. It is worth to mention that investment portfolio rose by 32.55% year-on-year in the third quarter and made up 2.31% of total income-bearing assets of Ipak Yoli Bank.

In the reporting period, liquid position of the bank is rated as acceptable. In the third quarter of 2012, liquid assets of the bank grew by 26.82% to 45.41% (46.5% in 3Q 2011) of assets of the bank. At the same time, current assets and current liabilities of the bank rose by 33.37% and 24.28% respectively in the third quarter of 2012. The coefficient of currently liquidity rose from 71.06% in the third quarter of 2011 to 76.25% in the third quarter of 2012. At the same time, the ratio of loan portfolio of the bank to deposit and attracted resources from money markets reached 60.59% (61.03% in 3Q 2011) in the third quarter of 2012.

In the reporting period, main source of financing of Ipak Yoli Bank is clientele accounts, share of which in total volume of the bank’s liabilities made up 69.62% in the third quarter of 2012. Total deposit of clients reached 90.02% attracted resources of the bank. In the reporting period, deposys and attracted resources rose by 39.53% in the reporting period. Borrowing base of the bank is rated as short-term as 89.92% of liabilities of the bank are with term less than a year.

In the reporting period, Ipak Yoli Bank has sustainable capital base. In the reporting period, capitalization of the bank is rated as in acceptable level. In the reporting period, own capital of the bank rose by 30.06% to 75.7 billion soums.

Capital adequacy of the bank was in stable level. In the third quarter of 2012, the coefficient of common capital and the first level capital adequacy of the bank made up 14.9% and 11.9% respectibely (14.8% and 11.9% in 3Q 2012. At the same time, the level of capital base adequacy of the bank made up 9.77% (9.76% in 3Q 2011).