Ahbor-Reying, a rating agency of Uzbekistan, affirmed credit rating of Universalbank at uzB in line with national rating scale with the stable outlook. The rating was affirmed in the result of the second quarter of 2011.

The rating takes into account adequate capitalization, balanced liquidity, as well as improved financial results.

Stable outlook reflects expectations of Ahbor-Reyting on keeping good position of the bank in the market and support of capital adequacy and good quality of assets.

Business scale of Universalbank is growing with stable rates and the bank keeps positive position among banks. In the reporting period, the assets of the bank grew 24.36% to 33.1 billion soums.

Loan portfolio of the bank increased by 42.87% and its share in total assets grew from 29.21% in the second quarter of 2010 to 33.56% in the second quarter of 2011.