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Finance 31/03/2011 Expert RA withdraws solvency rating of NBU
Expert RA withdraws solvency rating of NBU
Tashkent, Uzbekistan (UzDaily.com) -- Russian rating agency Expert RA withdrew solvency rating of the National Bank for Foreign Economic Affairs of Uzbekistan (NBU) from 28 March 2011.

The agency said that the rating was withdrawn due to end of rating term and refusal of the bank from the rating update. Earlier, the agency assigned the A “High level of solvency” solvency rating.

NBU specializes on crediting of enterprises, directly or indirectly connected with the government and renders wide-scale services for individuals and small and medium businesses.

As of 1 January 2010, the assets of NBU made up 130.5 billion rubles in line with the Uzbek accounting standards (the first place in Uzbekistan and 32nd place compared to Russian banks in Expert RA ranking). The own capital made up 13.8 billion rubles and net income for 2010 made up 561 million rubles.

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