Editors of magazine, banking analytics and consultants determined the banks on such criteria as the growth of assets, profitability, strategic partnership, client service, competitive price policy and innovative products.

The Uzbek bank said that banks from 20 countries of Central and Eastern Europe, Asia, Middle East, Africa and Latin America participated at the contest.

Credit Standard Bank received the fourth title from Global Finance. Earlier, the magazine named Credit Standard Bank as the best in Uzbekistan in 2008, 2009, 2010 and 2011.

The Uzbek bank noted that the results of the research will be published in May issue of Global Finance. The awarding ceremony will be held in Washington in autumn during annual meeting of IMF and the World Bank.

Founded in 1987, Global Finance has over 50,000 subscribers and over 250,000 readers in 158 countries of the world. Among them, there are 8,000 portfolio investors, which control over 80% of all assets in management.

Credit Standard Bank was founded on 16 August 2010 with the charter capital of 1.3 billion soums. Headquarters of the bank is located in Tashkent. Assets of the bank made up 275 billion soums and own capital of the bank reached 41.5 billion soums as of 1 March 2011.