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Finance 04/01/2011 MicroFinanza Rating assigns social rating to Microcreditbank
MicroFinanza Rating assigns social rating to Microcreditbank
Tashkent, Uzbekistan (UzDaily.com) -- Italy’s MicroFinanza Rating, certified by World Bank Group – SGAP on assessment of microcredit banks, carried out international social rating assessment of the activity of Microcreditbank open joint stock commercial bank.

In the result of the bank’s activity in 2010, MicroFinanza Rating assigned social rating to Microcreditbank at the level of SBB.

According to the experts of Italian company, the bank has adequate capacity to realize its goal and tasks on practice and promote social tasks, as well as high chance to achieve its social goals.

Social rating is external, trustful and responsible evaluation of institutional potential of microfinance organization on practical implementation of social mission and achievements of social goals. The rating gives objective conclusion on social figures of activity of the organization and allows to compare concrete microfinance organization with other organizations in the region and the world.

MicroFinanza Rating was founded in 2000 and it is one of the active and experienced rating agency of microfinance industry in the world. The agency carried out 480 projects in 60 states. The headquarters of the agency locates in Milan, Italy.

Microcreditbank open joint stock commercial bank was created in line with the presidential decree “On creation of joint stock commercial bank “Microcreditbank” from 5 May 2006.

Currently, the bank has 82 branches, 283 mini-banks and 20 agents, which render banking services for over 126,000 customers.

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