Representatives of Central Bank of Uzbekistan, Uzbekistan Banking Association and commercial banks participated at the event.

The conference was dedicated to analysis of methodology of risk management, structure of organization on risk management, review of general international standards and approaches in the area.

Global financial-economic crisis significantly damaged financial-banking system in some countries, which led to decrease of credit and investment opportunities of the bank.

The agency’s experts underlined that Uzbekistan was stable despite global financial-economic crisis as the banking capital has high level and has internal financing resources.

Taking into account importance of credit risk management, experts of Moody’s analyzed banking system figures and formed several proposals, which can be used in Uzbekistan.

At the conference, Moody’s employees briefed about main peculiarities of corporate and risk management. In particular, credit risk management plays significant role in ensuring stability of the banking system. The conference provided information on use of risk management in line with international standards.

The conference participants discussed issues on introduction of modern system of assessment and analysis of activities of commercial banks and financial-banking system based on international norms, criteria and standards, used by international rating agencies.

It was noted that assignment of positive ratings from international rating agencies will create conditions to enter international banking service market, which will increase trust of investors.

Vice President - Senior Analyst Financial Institutions Group Moody's Investors Service Limited, said the agency tries to assign fairy rating. At the same time, the rating assigned at comparable global scale, which is used by the agency worldwide. This is main advantage of the Moody’s ratings, based on which the banks of Uzbekistan can be compared to banks of other banks. Foreign investors rate banks based on the ratings and compare quality figures of the banks with other banks.

It is worth to mention that 26 commercial banks of Uzbekistan has stable rating from international rating agencies, of which 11 were assigned by Moody’s.

It was noted that in last two years Moody’s rated developing banking sector of Uzbekistan for last two years.

Ulyanova said that Moody’s supports stable forecast of the banking sector development of Uzbekistan. She said that Moody’s believes that economic conditions, created by the government, and macroeconomic figures of the country, will allow to develop banking system stably.

The conference adopted recommendations on further deepening reforms and sustainable development of Uzbekistan, improving methods of rating banking system, etc.