The Uzbek bank said that in June 2011, international rating agency Moody’s Investors Ltd affirmed rating of Asaka Bank at the level of B2/Ba3/E+. The outlook is stable.

International rating agency Fitch Ratings Ltd affirmed forecast on international credit ratings of Asaka Bank at the level of stable, the bank said.

The Uzbek bank said that assigned rating affirms reliability of the bank and strengthens trust of population in stability of the bank.

State joint stock commercial bank “Asaka” is one of leading banks f Uzbekistan on the volume of assets and capital. Assets rose from 1.763 trillion soums in 2009 to 2.676 trillion soums in 2010. The growth rate made up 51.79%.

The loan portfolio increased by 59.43% to 1.521 trillion soums and liabilities rose by 61.45% to 2.317 trillion soums in the reporting period.

The bank’s capital grew by 9.33% to 358.767 billion soums. The charter capital of the bank increased from 334.121 billion soums to 349.721 billion soums.

State joint stock commercial bank “Asaka” was founded in 1995. Currently, main shareholders are Finance Ministry of Uzbekistan (66.65%), Uzavtosanoat (16.68%) and Fund for Reconstruction and Development of Uzbekistan (16.67%).