The Uzbek bank said that representatives of Fitch Ratings analysed the bank’s activities in line with the contract, signed between two sides.

Universalbank said its long-term rating in national currency was affirmed at CCC level, which confirms its transparent policy and introduces modern principles of corporate management. The short-term rating in national currency affirmed at C level. The supporting rating is 5.

Earlier, national rating agency Ahbor-Reyting assigned a rating at the level of uzB. The outlook is stable.

The bank said that the ratings of Universalbank take into account adequate capitalization, balanced liquidity, improved financial results. The rating also reflects high level of growth of assets and related risks.

The scale of the bank’s business is growing in stable tempo. The bank significantly strengthened its position in corporate market segment. The balance liquidity is in favourable level.

The bank is currently restructuring its business processes and corporate management to expand its activities and provide more services to population and corporate clients.