The assigned rating reflects leading position of the bank in the market, high business reputation and image of the bank, high quality of assets and high level of risk management, acceptable liquid position and high capitalization, as well as intention to improve financial results of its activities and support of the shareholders.

Business scale of Uzpromstroybank expands with high tempo. The bank holds leading position in the banking sector of Uzbekistan. In 2012, the assets rose by 46.15% year-on-year to 5 billion soums in 2012. Gross loan portfolio of the bank grew by 42.79% year-on-year and reached 67.61% of all assets or 3.4 trillion soums.

The agency said that role of Uzpromstroybank as state agent in large corporate financing of economy at distribution of its centralized resources for strategic industries of economy such as oil and gas industry, energy and chemical industry, stipulates significant level of crediting concentration. In 2012, machinery industry (75.46%) and transport sector (8.3%) accounted significant share in loan portfolio.

Liquidity of Uzpromstroybank is rated at high level. The liquid assets of the bank rose by 39.97% year-on-year to 26.53% of the bank’s assets. Besides, current assets and current liquidity of Uzpromstroybank rose by 37.43% and 66.4% respectively.

At the same time, coefficient of current liquidity of Uzpromstroybank rose from 79.38% in 2011 to 81.17% in 2012. Ahbor-Reyting notes that current level of current liquidity of the bank is in high level.

Main part of funding of Uzpromstroybank is clientele accounts. In 2012, share of clientele accounts made up 47.17% of total liabilities (52.98% in 2011), which made up 2.2 trillion soums. About 10.12% of them fell to term deposits. In 2012, the liabilities of the bank to payment at other banks rose by 4.33% to 2.5% of total liabilities of Uzpromstroybank.

At the same time, inter-banking assets of Uzpromstroybank grew by 50.6% year-on-year and reached 1 trillion soums. At the same time, the ratio of inter-banking loans to inter-banking assets decreased from 16.8% in 2011 to 11.64% in 2012, which characterizes bank as net borrower.

The bank’s capitalization determines level of reliability and stability. The capitalization of the bank is considered as one of priorities of the bank for its development. The equity capital of the bank rose by 64.37% to 265 billion soums. In 2012, own capital grew by 55.05% to 301.8 billion soums. The growth of capital impacted to capital adequacy of the bank.

The coefficient of common capital and capital of the first level, in line with Uzbek accounting standards, made up 12.4% and 10.8% respectively (11.7% and 10% in 2011). Adequacy of own capital rose from 5.68% in 2011 to 6.02% in 2012.