The uzB++ rating of Turon Bank reflects adequate level of solvency of the bank. The bank with uzB++ rating characterized with high ability to execute financial liabilities in time and fully compared to other banks with lower rating.

Assigned rating reflects high business activity of the bank in the market, dynamic development of commercial network, adequate capitalization and balanced liquid position. The rating takes into account risks, related with fast growth of assets and geographic concentration of the business.

Firm strategy, targeted growth of business scale and strengthening of the bank’s position in the market, as well as support of shareholders gave additional stability to Turon Bank’s business. At the same time, the rating takes into account fast growth of assets and related risks, significant level of industrial and clientele concentration of the bank’s business, as well as potential risks related with growth strategy and possible purchase of assets.

The rating also takes into account sustainable and regular strengthening of market positions of Turon Bank among compared banks, especially on total assets, loan portfolio and investment portfolio.

In 2010, the business scale of Turon Bank grew fast enough. In 2010, the assets grew by 83.15% year-on-year to 396.1 billion soums (216.3 billion soums in 2009), and the loan portfolio reached 239.6 billion soums (133.2 billion soums in 2009).

Besides, Turon Bank also recorded growth of balance figures in 2011. As of 30 June 2011, the assets rose by 13.8% compared to the beginning of 2011 and reached 450.8 billion soums.

In the reviewed period, the assets quality of Turon Bank was considered as favourable. In 2010, the created reserves on depreciation of loan portfolio mad up 3.44% of the loan portfolio of the bank. The bank also had no bad loans in the reporting period.

Liquid position is rated as moderate. Liquid position of the bank made up 20.22% of the assets. At the same time, the coefficient of current liquidity was 45.37% (48.01% in 2009).

The capitalization of Turon Bank in 2010 rated as adequate. Due to additional investment to capital base, aggregate capital bank grew by 41.91% year-on-year in 2010 to 27,8 billion soums (19.6 billion in 2009).

According to the bank report, the general capital and the first level capital made up 10.1% and 10% respectively (10.1% and 11.4% in 2009). In order to increase adequacy figures, the bank plans to increase its charter capital to 29 billion soums.