Rating of Kapitalbank reflects high business activity of the bank in the market, strong market position in Tashkent region, developing commercial network, adequate capitalization, high quality of assets, and balanced liquid position. Good level of corporate management and firm strategy of the bank, directed at further business diversification and regional expansion, gives additional stability to business.

The agency said that the business scale of Kapitalbank grew stability. The assets of the bank rose by 36.49% year-on-year in 2009 and made up 380.4 billion. The loan portfolio of Kapitalbank rose by 20.17% year-on-year to 160.1 billion soums in 2009. At the same time 96.57% (96.2% in 2008) of loans were classified as “good”. In the result, income-bearing assets of Kapitalbank rose by 19.57% to 63.36% of the bank’s assets.

Despite increase of income-bearing assets, the decrease of their efficiency was observed, which is related with higher growth of relative figures compared to the growth rate of income-bearing assets. In nine months of 2010, Kapitalbank demonstrated improvement of profitability figures and efficiency of the bank.

At the end of 2009, the client accounts (including banking account) made up 96.03% of all attracted resources of the bank (96.79% in 2008). Deposits and funding of money markets of the bank grew by 34.71% to 338.8 billion soums. At the same time, ratio of loans to deposits made up 47.27% (52.99% in 2008), which shows that the bank has enough resource base for further increasing its loan portfolio.

Capitalization of the bank is considered as adequate compared to business scale. The equity capital of Kapitalbank rose by 21.49% year-on-year in 2010 and the size of own capital made up 17.8 billion soums. At the end of 2009, the capital adequacy and first level capital of the bank made up 13.3% and 16.4% respectively.