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Finance 14/08/2012 Asia Alliance Bank’s credit rating upgraded to uzA level
Asia Alliance Bank’s credit rating upgraded to uzA level
Tashkent, Uzbekistan (UzDaily.com) -- Ahbor-Reyting, a rating agency of Uzbekistan, upgraded credit rating of Open joint stock commercial bank “Asia Alliance Bank” to uzA level in line with the national scale. The outlook is stable.

The uzA rating characterizes high potential of the bank fully and in time to execute its financial liabilities before creditor, depositor and investors.

Currently, Asia Alliance Bank is dynamically developing bank of Uzbekistan. The assets of the bank made up 609.2 billion soums as of 1 July 2012, or grew by 2.4 times year-on-year. In the first half of 2012, own capital of the bank rose 1.8 times to 50 billion soums.

In the result of the first half of 2012, Assian Alliance Bank was on the 12th place among the banks of Uzbekistan on the size of assets and on the 14th place on size of capital and on the 11th place on the size of deposits.

The main strategy of the bank is to growth of consolidated balance, enter to top ten on the size of net assets. In near future, the bank plans to open new branches in regions of Uzbekistan.

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