Long-term and short-term foreign currency deposit rating of Ipoteka Bank affirmed at B2/NP. The global rating of local currency deposit affirmed at B2.

Long-term deposit of Ipoteka Bank at B2 is based on solvency of the bank and takes into account significant position of the bank in the market, in particular, in retail deposit and mortgage crediting, as well as high importance of the bank for the banking system of Uzbekistan as a whole.

Moody’s underlined stable market position of Ipoteka Bank in corporate and retail segment of the banking system. The bank holds the fourth place on the volume of assets in Uzbekistan and has sustainable income and enough level of capitalization.

The agency also noted stable position of the bank on liquidity and liquid assets. Diversified income, adequate volume of assets and stable sources of financing positively impact to the ratings of the Uzbek bank.