The rating reflects leading position of the bank in the market, high reputation and image of the bank, high level of risk management, acceptable liquid position and high capitalization, as well as growing financial figures and strong support of the shareholders. At the same time it takes into account short-term base of funding and risks related to rapid growth of the assets.

Holding leading position in Uzbek banking system on main financial figures, Uzpromstroybank demonstrates strong growth. The assets of the bank rose by 49.74% year-on-year in the first quarter of 2013 to 5 trillion soums. Gross loan portfolio grew by 56.09% to 3.7 trillion soums.

Role of the bank as state agent in large corporate financing of key industries such as oil and gas, energy and chemistry, means that it has significant level of crediting concentration. According to the balance, about 75.5% of Uzpromstroybank loans were issued to industrial enterprises (67.6% in 1Q 2012), transport and communication – 8.3% (9.4% n 1Q 2012), construction – 6.9% (10.2%), trade and catering – 3.3% (5.1%), agriculture – 1.2% (1.9) and other sectors – 4.8% (5.9%).

Liquid position of Uzpromstroybank is rated as acceptable. In the first quarter of 2013, the liquid assets of the bank rose by 39.81% to 947.2 billion soums of 18.91% of assets (20.25% in 1Q 2012). At the same time, current assets and current liabilities of the bank rose 38.63% and 58.15% respectively.

Uzpromstroybank’s capitalization is rated as high. In the first quarter of 2013, own capital of the bank grew by 52.9% to 358.8 billion soums (234.7 billion soums in 1Q 2012).

Capital adequacy is rated as high. In the reporting period, the coefficient of general capital adequacy and the first level capitalization of Uzpromstroybank made up 12.3% and 11.5% respectively (10.7% and 10.6% in 1Q 2012).

Net income of the bank rose by 21.67% year-on-year to 12.2 billion soums. At the same time, profitability of assets and own capital made up 0.29% and 4.09% respectively (0.37% and 4.71% in 1Q 2012).