The rating of the bank reflects positive reputation and favourable image of the bank, sustainable position of the market in corporate market, high assets quality and good level of risk management, wide access to external borrowing, balanced liquid position and adequate capitalization.

At the same time, the rating takes into account high concentration of the bank in Tashkent region and sensitivity of money flow to external financial markets. It also takes into account the size of clientele base and strong position of the bank in internal market.

In the second quarter of 2011, the bank’s business scale grew with stable trends. The high growth of interbank resources in the bank’s assets in the reporting period helped to growth of the bank’s total assets. The assets of the bank rose by 90.8% to 172.5 billion soums in the reporting period.

At the same time, net crediting of the bank decreased by 23.8% year-on-year and made up 2% of assets of the Uzbek-Turkish Bank. The bank directed 5 billion soums to investment activity.

It is worth to mention that main part of income bearing assets of the bank fell to share of interbank resources, which increased 2.3 times year-on-year and made up 32.18% of total assets of the bank. In the reporting period, total income bearing assets of the Uzbek-Turkish Bank grew almost 2.2 times and reached 37.08% of total bank’s assets. Simultaneously, the bank increased high liquid assets, such as cash resources and accounts at the Central Bank of Uzbekistan. Correspondent and reserve accounts of the bank at the Central Bank of Uzbekistan grew by 75.64% and made up 59.16% of total assets of the bank.

At the reviewed period, quality of the assets of the Uzbek-Turkish Bank is rated as acceptable. Taking into account, it is worth to mention that the volume of risked assets made up 34.19% of the assets, which takes into account operating assets.

According to the report of the bank, over 92.5% of loans are considered as good. Share of bad assets, such as past-due loans and restructured loans, decreased from 4.4% in the second quarter of 2010 to 1.3% of the credit portfolio in the same period of 2011.

Liquid position of the bank rates at high level. The bank’s liquid assets grew y 93.96% year-on-year in the second quarter and their share in total assets hit 85.17%.

Simultaneously, current assets and current liabilities of the Uzbek-Turkish Bank grew by 88.2% and 85.26% respectively. At the same time, the ratio of credit portfolio to deposits and attracted at money markets decreased from 19.42% in the second quarter of 2010 to 15.14% in the second quarter of 2011. This indicates that the bank has great opportunity to further increase the volume of operating assets. The coefficient of current liquidity of the bank made up 109.9% in the second quarter of 2011 (105% in 2Q 2010).

The capital adequacy is rated as acceptable. Aggregate capital of Uzbek-Turkish Bank grew 2.1 times to 38.6 billion soums. At the same time, the level of own capital adequacy reached 22.40% (20.01% in 2Q 2010). The bank keeps capital adequacy figures at favourable level.