At the presentation, the participants familiarized with assessment of social impact, which was developed by Moody’s Analytics, standards of management of social impact, differences and similarity of two assessment methodologies, process of assessment of the banks.

International rating agency Moody’s has been actively cooperating with financial sector of Uzbekistan for 8 years. On 15 April, Moody’s for the fifth time said that the outlook for Uzbekistan’s banking system remains stable.

The outlook is underpinned by the country’s persistently strong economic growth, as banks channel high levels of investment from the cash-rich central government into the economy. Other key drivers include Uzbek banks’ robust earnings which generate capital to fund some of their loan growth. In addition, Moody’s leading asset-quality indicators suggest stable trends for problem loans.

During the presentation, the participants got acquainted with new products of the agency, assessment of social impact, quality of programme on microfinancing, expansion of access to financial services, operation systems of the banks on protection of its consumers. The rating assessment will serve as figure of strong and weak sides of financial institutes and provide information to international social investors to make decisions on social oriented investments. It will also rate implementation of corporate social responsibility of the banks.

It is expected that several commercial banks can adopt decision to receive social rating assessment of Moody’s.