Agrobank named the best bank of Uzbekistan in 2009
Tashkent, Uzbekistan (UzDaily.com) --
The Banker of Great Britain named Agrobank as the bank of the year of Uzbekistan in 2009, the Uzbek bank said in a statement.
The Banker’s Bank of The Year Country Awards acknowledge banks for the best overall performance in their country. The global editorial team of The Banker chose the winners based on analysis of the latest results and performance data.
Agrobank was established in 1995 as Pakhta Bank and was reorganised and renamed in Q109. The reorganisation involved the subsequent takeover of the business of the smaller Uzbek bank, Gallabank, which specialised in servicing grain producers. At end-Q109, AB was the fourth-largest bank in the country, holding around 9% of sector assets. AB plays a central role in delivering agricultural credit, mainly to cotton and grain producers, in Uzbekistan.
The Banker was founded in 1926. In last 10 years, the bank determines the best credit establishments in the world.