The uzA rating means high level of solvency of the bank, reflecting low level of credit risks in its activity. The uzA rating holder characterizes high potential for full and timely execution of its financial responsibilities before creditors, depositors and investors.

The rating of Khalq Banki takes into account absolute state support, significant role of the bank in pension system, high business activity in the market, large network across Uzbekistan, adequate capitalization and balanced liquid position.

Firm strategy, directed at expanding business scale and strengthening position of the market, as well as state support, provide additional stability to the business of Khalq Banki. The rating also takes into account fast growth of assets and related risks, as well as potential risks connected with growth strategy and possible purchase of new assets.

In 2010, the business scale of Khalq Banki expanded with high speed in 2010. In 2010, the assets of the bank rose 44.45% year-on-year to 1.218 trillion soums (843.1 billion soums in 2010). Loan portfolio of the bank reached 556 billion soums (421.8 billion soums in 2009).

Besides, the balance figures grew in 2010 and 2011. As of 1 April 2011, the assets of the bank rose 12.17% compared to the beginning of the year to 1.366 trillion soums and loan portfolio grew by 16.9% and reached 650.7 billion soums as of 1 April 2011.

At the considered period, the assets quality of Khalq Banki is considered as acceptable. In 2010, the reserves for securing loan portfolio reached 1.33% of loan portfolio. In the reviewed period, the bank has bad loans for 343.6 million soums and in the first quarter of 2011, they grew by 38.589% to 441.8 million as of 1 April 2011. At the same time, according to audited report, the bank has unsecured credits, which grew 2.6 times to 56 million soums.

The bank’s liquid position is considered as high. In 2010, the coefficient of current liquid of the bank made up 77.95% (71.75% in 2009). Due to existence of absolute of the state support, the bank’s capitalization rates as high.

In the context of the state programme on supporting Khalq Banki, the capital base of the bank grew significantly in last several years. Aggregate capital grew by 26.2% year-on-year in 2010 to 164.1 billion soums (130 billion soums in 2009).

In 2011, the capital base increased as well and as 1 April 2011, the own capital of Khalq Banki reached 198.3 billion soums, or grew by 20.82% compared to the beginning of 2011.