The rating uzA+ means high level of solvency of the bank and reflects very low level of credit risk in its activity. The bank, possessing uzA+ rating, has high potential for timely and full implementation of its financial liabilities before creditors, depositors and investors. The assigned rating reflects high business activity of the bank in the market, dynamic development of commercial network, adequate capitalization, balanced liquid position and existence of state support. The rating also takes into account risks related to high growth of assets and geographic concentration of the business.

Firm strategy, directed at expanding business scale and strengthening business position in the market, as well as support of shareholders provide additional stability to Alokabank’s business. At the same time, the rating takes into account fast growth of assets and related risks, significant sectoral and clientele concentration of the bank’s business, as well as potential risks, related with strategy of the growth and possible purchase of new assets.

The priority of the strategy of Alokabank is rendering complex banking services to enterprises and organizations, operating in information-communication technologies, various sectors of economy, as well as small businesses and individuals. Simultaneously, Alokabank is participant of local securities market.

Alokabank has developed commercial network, which includes headquarters in Tashkent, 12 branches, 29 mini-banks, 82 cash offices, 35 currency exchange points, as well as 18 money transfer points. The bank offers services of such money transfer systems as WesternUnion, Blizko, Zolotaya Korona, Unistream, Contact and Lider.

In 2010, Alokabank’s business scale expanded with enough fast trends. The assets of the bank grew by 41.97% year-on-year in 2010 and reached 338.7 billion soums (2386 billion soums in 2009), while the volume of loan portfolio reached 1575 billion soums (145.4 billion soums in 2009). The balance figures also grew in 2011. The assets of the bank rose by 12.28% compared to the beginning of 2011 and as of 1 May 2011 reached 382.3 billion soums. At the same time, Alokabank plans to attract loans of China Development Bank at the volume of at least US$100 million.

The assets quality of Aloqabank is rates as favorable. In 2010, the reserve on securing loan portfolio made up 3.03% of the bank’s loan portfolio. The bank did not have bad loans in 2010.

Liquid position of the bank is considered as high. In 2010, the coefficient of current liquidity of the bank made up 68.34% (44.05% in 2009). The capitalization level of Alokabank considered as high. The aggregate capital of the bank rose by 42.08% in 2010 to 61 billion soums (42.9 billion soums).

According to the bank’s report, the capital adequacy and the first level capital adequacy made up 28.8% (25.4% in 2009) and 26.80% (24.10% in 2009) respectively. In order to raise adequacy indicators, the bank plans to raise charter capital to 58.6 billion soums and total capital – to 78.5 billion soums.