The rating takes into account adequate capitalization, balanced liquidity, and improved financial results. It also takes into account fast growth of assets and related risks, quality of assets and financial results of the activities.

Business scale of Universalbank is growing stably and the bank keeps positive position among small banks. In the considered period, the bank’s assets rose by 38.12% year-on-year to 34.8 billion soums. The loan portfolio grew by 34.45% and made up 10.9 billion soums.

The liquid position of Universalbank rates as high. Current assets and current liabilities grew by 53.58% and 30.29% respectively in the first half of 2011.

The bank increased equity capital twice within a year within implementation of set requirements on equity capital. At the same time, the own capital grew by 73.83% year-on-year to 14.6 billion soums in the first quarter of 2011.

Stable outlook reflects expectations of Ahbor-Reyting on keeping good positions in the market and support adequate capitalization and good quality of assets.

Universalbank demonstrates stable improvement of financial activity, especially last two years. It is expected that in near future the profitability of Universalbank will remain in good level. Universalbank is planning to improve its financial results of the activity and to continue to diversify its business, as well as strengthen market positions.

Ahbor-Reyting assigned crediting rating at the level of uzB with stable outlook to Universalbank in October 2010.

Universalbank private open joint stock commercial bank was founded on 25 May 2002 with charter capital of 0.05 billion soums on the base of Qoqand private open joint stock commercial bank. The headquarters of the bank is located in Qoqand city, Ferghana region of Uzbekistan. The main clients of the bank are small and private businesses, as well as retail clients.