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Finance 06/06/2013 Standard & Poor’s affirms rating of Ipoteka Bank
Standard & Poor’s affirms rating of Ipoteka Bank
Tashkent, Uzbekistan (UzDaily.com) -- Standard & Poor’s affirmed rating of joint stock commercial mortgage bank “Ipoteka Bank at the level of B+/B. The outlook is stable.

Long-term credit rating B+ and short-term credit rating B of Ipoteka Bank is based on assessment of the business position of the Uzbek bank, high growth assets, decrease of risks and stable level of income of the bank.

The rating reflects improvement of quality of assets, stable market position of the bank in corporate sector, diversification of deposit base, enough level of liquidity and risks related with assets concentration.

The Uzbek bank said that the rating assigned to Ipoteka Bank is one of the highest, given by Standard & Poor’s to the Uzbek banks.

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