The rating means very high level of solvency of the bank and reflects very low level of credit risk at its activity. The rating characterizes very high potential for modern and full execution of the financial liabilities before debtors, depositors and investors. The rating also takes into account risks related to high growth and geographic concentration of the business. Firm strategy, directed at expanding business scale in rural areas and strengthening position in the market, as well as support of shareholders give additional stability to Qishloq Qurilish Bank’s business. At the same time, the rating reflects high growth of assets and related risks, significant level of industrial and clientele concentration of the bank’s business, as well as potential risks related to the strategy of growth and potential of purchase of new assets.

In 2010, the business scale of Qishloq Qurilish Bank expanded with high tempo. In the considered period, the assets of the bank grew 2.7 times year-on-year. The growth is related to significant growth of the bank’s loan portfolio. At the end of 2010, the loan portfolio of the bank rose 2.4 times t 474.03 billion soums. Besides, Qishloq Qurilish Bank achieved growth of balanced figures in 2010, which also continued in 2011 as well. As of 1 July 2011, the loan portfolio of the bank grew by 40.84% year-on-year and made up 667.6 billion soums. At the same time, loan portfolio reserves made up 2.31% of loan portfolio. Simultaneously, there were no bad loans in the bank’s loan portfolio.

Liquid position of the bank is considered as acceptable. In 2010, the coefficient of current liquidity made up 86.22% (52.52% in 2010), while coefficient of current liquidity made up 36.72% in the second quarter of 2011.

The funding base of Qishloq Qurilish Bank are based on clientele base of the bank and borrowed funds from governmental and financial organizations, which made up 94.44% of all liabilities of the bank (85.9% in 2009) and reached 807.1 billion soums. About 52.81% of the bank’s liabilities fell to share of clients’ deposits. In 2010, the clientele base grew by 93.61% and total sum of funding from money markets of Qishloq Qurilish Bank grew three times. Besides, the bank’s balance has borrowed funds from other financial organizations. Main part of borrowed funds was short-term as 71.3% of liabilities in 2010 were up to a year.

At the same time, term borrowed resources of the bank grew seven times year-on-year. Ratio of loan portfolio of Qishloq Qurilish Bank to term resource base decreased to 141.32% (415.87% in 2009). According to Ahbor-Reyting, further strengthening of the bank’s deposit base will be due to corporate deposits, which is connected with expanding corporate clientele base.

Capitalization level of Qishloq Qurilish Bank is valued as high. Due to additional investments to capital base, aggregate capital of the bank grew 2.5 times to 172.09 billion soums (67.3 billion soums in 2009) and in the second quarter of 2011 – 184.5 billion soums.

According to the bank’s report, the coefficient of capital adequacy and the first level capital adequacy of Qishloq Qurilish Bank made up 43% (29% in 2009) and 41.4% (29.3% in 2009) respectively. In order to increase adequacy level, the bank is planning to increase charter capital to 200 billion soums by 2014 and aggregate capital to 262.3 billion soums.