The rating reflects adequate level of solvency of the bank. The bank characterized with high ability on timely and full meeting its financial liabilities compared to other banks, which have lower solvency ratings. Besides, the bank’s solvency is sensible to impact of negative changes in commercial, financial and economic conditions compared to banks with A rating.

The rating takes into account sufficient market position among compared banks, acceptable capitalization level, improving financial results. It also takes into account risks connected with fast assets growth, business concept in Tashkent city and potentially sensible liquidity to separate contracting parties.

Trust Bank demonstrates stable improvement of financial results in the context of the business scale growth, in particular, last two years. Ahbor-Reyting believes that profitability figures of the bank will be in good level, but the fast growth of deductions to credits devaluation in connection with the growth of crediting volume.

As of 1 October 2009, aggregate assets of Trust Bank reached 226.8 billion soums, which is up 5.4% compared to the beginning of the year. Loan portfolio rose 2.4 times year-on-year to 57 billion soums as of 1 January 2009.

The bank’s liquidity balance in favourable level, but funding base remains concentrated and short-term. Ahbor-Reyting underlines dependence of the bank to corporate clients, which is significant risk for liquidity. The agency said more diversified funding, including deposits, can be important rating factor in future.

Capitalization of the bank is in adequate level. Ahbor-Reyting believes that the bank will retain capitalization in current level despite the growth of business scale, envisaged at its strategy. As of 30 September 2009, the ratios of general capital sufficiency and Level 1 capital made up 17.5% and 15.9% respectively.

Trust Bank is one of the leading private banks in Uzbekistan with market share of 1.5% as of 30 September 2009, share of assets – 1.92%. The priority directions of the bank’s activity is banking services to corporate customers, commercial crediting, trade financing and retail business.