The uzA+ rating means high level of solvency of UzPromStroyBank, reflecting low level of credit risks in its activity. The bank with uzA+ rating characterizes high potential for timely and full fulfillment of its financial liabilities before creditor, depositors and investors.

UzPromStroyBank is one of the five largest commercial banks of Uzbekistan on parameter of activities. In the reporting period, UzPromStroyBank demonstrated stable growth of financial figures.

The assets of UzPromStroyBank grew by 29.08% year-on-year to 2.067 trillion soums in the first quarter of 2011. The volume of loan portfolio grew by 22.8% to 1.49 trillion soums in the reporting period. The share of loan portfolio in the structure of assets of the bank reached 72.1%. At the same time, the bank’s loan portfolio rated as concentrated. The main parts of loans fell to share of credits issued to industry – 51% (43.5% in 1Q 2010), construction – 17.8% (21%), transport and communication – 12.3% (12.7%), trade and catering – 7.9% (9.2%), and other sectors – 7.3% (9.4%).

Liquid base of UzPromStroyBank evaluated as balanced. The share of liquid assets reached 20.21% (18.38% in 1Q 2010) of total assets of the banks. Simultaneously, current assets of the bank grew by 38.07%, current liabilities – 37.94%. At the same time, the coefficient of current liquidity made up 55.69% (55.64% in 1Q 2010). The ratio of loan portfolio to term resource base made up 156.62% and Ahbor-Reyting believes that the figure will be in favouable level in future as well.

Funding base of the bank formed mainly due to accounts of the clients. The deposits and attracted funds from money markets rose by 23.19% year-on-year to 46.24% of the bank’s liabilities. At the same time, the ratio of loans to deposits and attracted funds from money markets fell from 99.01% to 93.61%.

In the first quarter, the own capital of UzPromStroyBank rose by 8.5% year-on-year, while the equity capital grew by 12.44%. The coefficient of capital adequacy and the first level capital adequacy of UzPromStroyBank made up 11.90% (13.20% in 1Q 2010) and 11.80% (13.60%) respectively.

UzPromStroyBank said that its own capital grew by 10.6% in April 2011. The bank plans to place shares for 24.3 billion soums in 2011 to increase its capital base.

Ahbor-Reyting believes that the growth of capital base in near future will help to improve capital adequacy and further strengthening the bank’s position in the banking sector.