Rating of Credit Standard Bank reflects high level of the bank solvency, low level of credit risks in its activity. Ability of the bank to timely and fully execute its financial liability is assessed as high compared to other bank, possessing lower rating. But change of commercial, financial and economic conditions can affect ability of the bank to implement its financial liability in higher level compared to the banks with higher ratings.

Rating of Credit Standard Bank reflects high business reputation and the image of the bank, strong position in corporate segment, good quality of assets and high level of risk management, balanced liquid position and adequate capitalization. At the same time, the rating takes into account relatively concentration of business in Tashkent region, relatively not high diversification and short-term of funding base, as well as potential risks connected with the growth strategy. The stable outlook reflects expectation of Ahbor-Reyting on further improving of funding vase and business diversification of Credit Standard Bank.

Aggregate assets of the bank made up 218.7 billion soums as of 1 January 2010, which is 6.88% more year-on-year. But, the assets significantly increased (25%) in nine months of 2010 to 273.4 billion soums. The corporate loans of the bank rose by 58.19% year-on-year and it made up 97% of total crediting volume (93% in 2008). Such significant growth will allow the bank to strengthen its position compared to corresponding banks, especially in corporate crediting segment.

Liquid position of the bank is in favourable level. Coefficient of current liquidity of Credit Standard Bank made up 69.26% in 2009 (97.97% in 2008) and in nine months of 2010 – 94.11%. Main part of funding of the bank received from its corporate clients. At the same time, the repayment of borrowed funds remain are short-term. In this connection, Ahbor-Reyting noted that dependence of the bank from corporate clients creates significant potential risks with liquidity. For this reason, the diversification of funding base (including deposits) in future can be important rating factor for Credit Standard Bank.

Capitalization of the bank is considered as adequate. As of the end of 2009, the figure of first level capital adequacy of Credit Standard Bank made up 17.2% (27.3% in 2008). At the same time, high growth of business scale of the bank leads to fast decrease of ratio of main part of own capital to assets. Ahbor-Reyting believes that the bank’s capitalization will remain at the same level despite growth of business scale, envisaged in the bank’s development strategy. In 2009, the return on average assets (ROAA) and return on average equity (ROAE) comprised 2.56% and 18.45% respectively.

Credit Standard Bank created in 2003. Since the creation of the bank, it demonstrates dynamic growth and currently it is one of the leading banks, which possesses strong positions in Tashkent region market, especially in corporate segment.

As of 1 October 2010, share of Credit Standard Bank in the assets of the banking sector made up 1.42%, equity capital – 1.24%, loan portfolio – 0.30%, investment – 1%, deposits – 1.81% and deposits of individuals – 0.53%.