Размер шрифта: A A A
Цвет сайта: A A A A

Page was last updated:  20 July 2016, 17:38

4 Mar 2013

Rating Agency "Ahbor-Reyting" affirmed ASIA ALLIANCE BANK’s credit rating in national scale "uzA" with "stable" outlook based on the results of monitoring of bank’s performance in the fourth quarter of 2012. A bank with "uzA" rating has a high potential for timely and complete fulfillment of its financial obligations to creditors, depositors and investors.

Credit rating of ASIA ALLIANCE BANK takes into account the rapid development of the Bank's operations, strengthen its market position, customer growth and expansion of the branch network, and good asset quality, high profitability and liquidity, adequate capitalization.

At the end of 2012 the bank's assets reached 702.4 billion sum, an increase of more than 2.8 times in comparison with 2011. Income generating assets increased by 3.5 times, and their share in total assets increased from 56% to 69%. In particular, the loan portfolio grew by more than 2.3 times and amounted to 100.9 billion soums. More than 90% of the portfolio consists of loans granted to the private sector. Industry accounted for one third of the loan portfolio.

In 2012, the Bank has significantly increased its resource base through active attracting customer deposits, the amount of which for the year increased by 3.4 times. The growth of retail deposits amounted to 186%. At the end of 2012 the customer deposits amounted to 461 billion soums, including time deposits of 141 billion soums.

The bank's capitalization is at an acceptable level. In 2012 The bank's total capital increased more than 2.1 times and amounted to 60.2 billion soums. The equity of the bank increased from 15.4 to 50.85 bln. Bank’s capital adequacy ratio and Tier 1 capital ratio were 11.50% and 11.20%, respectively.

Despite the rapid growth of income generating assets, the bank’s liquidity level remained at a high level. As of January 1, 2013 the current ratio was 105.40% with its statutory rate of 30%. The rating outlook is "stable" and reflects expectations of "Ahbor-Reyting" to further increase of the bank’s capitalization, maintaining high asset quality, improving profitability and efficiency, and improve risk management in the bank with introduction of  the new standards of capital measurement and liquidity.

Author: не указано / Source: не указано / Views: 194

Other news:

10 September 2021
9 September 2021
31 August 2021

Documents

Exchange Rates

As of 17.09.2021 (cbu.uz)
1 USD = 10681.06
1 EUR = 12572.68
1 RUB = 147.49
1 GBP = 14762.29
Created with Snap
Click to listen highlighted text! Powered by GSpeech