Over 300 representatives of commercial banks and Central Bank of Uzbekistan participated in the event, which was held at the Uzbekistan Banking Association.

Analysts of Standard & Poor’s made presentations on capital of the bank, management of system risks and sovereign rating risks. They presented their own assessment of banking system and underlined that high economic growth in Uzbekistan were supported with financing of real sector of economy by the commercial banks.

Stable position of the banks serves as firm foundation for confidence in the banking system and mobilization of corporate and population deposits at the banks, which rose 2.2 times in last three years. In 2013, the deposits rose by 30.2% and aggregate assets – 30%.

Efficient banking supervision and regulation of the banks’ activities help to keep main figures of the banking system in high level and meet international requirements.

It was noted that total capital of the banks rose 2 times in last three years and by 25.1% in 2013. Capital adequacy of the banking system makes up 24.3%, which exceeds international standards three times. It is planned that aggregate capital of the banks will grow at least 20% till 2015.

Current liquidity of the banking system is 65.5%, which is twice higher compared to international requirements.

Currently, all commercial banks have positive ratings from leading rating agencies such as Standard & Poor’s, Moody’s and Fitch Ratings.

The recommendations developed at the seminar will help to further improving activities of commercial banks and strengthening of the banking system of Uzbekistan.