Best bank of Uzbekistan named
Tashkent, Uzbekistan, Nov. 30
By Diana Aliyeva– Trend:
"Asia Alliance Bank" is recognized as the best bank of the year in Uzbekistan among banks in emerging markets in the Asia-Pacific region, according to the international financial publication "Global Finance".
The bank reported that this rating is assigned to the bank for the fourth year in a row, given the high level of service, dynamic business style and stable financial indicators that allow the bank to be attractive to customers.
One of the priority areas of the bank's activity are credit programs. Following the results of six months of 2017, "Asia Alliance Bank" ensured the growth of its loan portfolio by 60 percent.
"Asia Alliance Bank" serves about 200,000 individuals and more than 6,000 corporate customers through its head office and seven branches.
The key priority of the bank is the corporate client segment, which is based on the enterprises of the fuel and energy complex, the automotive and food industries, the telecommunications sector, the service sector, as well as small and private businesses.
In December 2016, Moody's Investors Service upgraded the long-term ratings of the bank in national and foreign currencies from В3 to В2 with the forecast "Stable".
The bank has high operational efficiency due to the progressive growth of net interest income and commission income due to the increase in the client base, the growth of the loan portfolio, and the high quality of the services provided.