The rating reflects stable position of the bank in the market, high reputation and image of the bank, high level of risk management, balanced liquid position and adequate capitalization, stable growth of finical results and support of shareholders. At the same time, the rating takes into account geographic concentration of the bank’s business, low diversity and short-term funding bases, as well as rapid growth of assets.

Being one of the leading private banks of Uzbekistan, InFinBank demonstrates dynamic growth of main financial figures. In the first quarter of 2013, the assets rose by 38.54% to 257.6 billion soums (185.9bn soums in 1Q 2012). Gross loan portfolio rose by 34.67% to 94.5 billion soums in the first quarter of 2013. At the same time, Ahbor Reyting notes growth of concentration of loan portfolio of the bank. According to balance data, the bank issued 39.2% of loans to industrial enterprises (31.4% in 1Q 2012), trade and catering enterprises – 19.2% (18.5% in 1Q 2012), transport and communication – 3.8% (6.6% in 1Q 2012) and other sector – 36% (39.8% in 1Q 2012).

Liquid position of InFinBank rated as acceptable. In the first quarter of 2013, liquid assets of the bank rose 26.11% to 105.9 billion soums or 41.14% of total assets (45.19% in 1Q 2012). Coefficient of current liquidity of InFInBank grew from 73.25% in the first quarter of 2012 to 82.48% in the first quarter of 2013. The ratio of loan portfolio of the bank to deposits and attracted resources at the money market made up 52.7% (58.73% in 1Q 2012).

Capitalization of InFinBank is rated as acceptable. In the first quarter of 2013, the own capital of the bank rose twice to 36.5 billion soums (17.7 billion soums). The capital adequacy level of InFinBank rated as in acceptable level. In the first quarter of 2013, the coefficient of the general capacity and first level capital adequacy made up 11.9% and 16% respectively (12% and 13.6%).

Main source of funding of InFinBank are resources of clients, which made up 71.34% of total volume of the bank’s liabilities. At the same time, all deposits of the bank’s clients grew by 59.81% to 157.7 billion soums or 99.09% of all attracted resources in the reporting period.

At the end of the first quarter of 2013, term resource base of InFinBank grew by 78.01% to 91.3 billion soums. The ratio of loan portfolio to term resource base made up 103.42% (136.7% in 1Q 2012).