BAKU, Azerbaijan, Jan. 5
By Klavdiya Romakayeva - Trend:
The liquid assets of Uzbek Industrial and Construction Bank (Uzpromstroybank) in 2019 increased by 22.11 percent compared to the results of 2018 and amounted to 3.13 trillion soums ($298 million) or 8.97 percent of all assets of the bank, Trend report referring to Standard and Sensetive Ratings agency.
At the same time, the current liquidity ratio at the end of 2019 amounted to 82.18 percent.
Standard and Sensetive rating agency assigned a primary credit and reliability rating to the Joint Stock Commercial Bank Uzbek Industrial and Construction Bank on the national scale at the level (uz) "AA-" with a "Stable" forecast based on the rating results for 2019.
According to the agency, a commercial bank rated (uz) "AA-" has an exceptionally high level of creditworthiness and reliability, reflecting a very low level of credit risk in its activities.
A financial and credit institution with a rating (uz) "AA-" is characterized by a very high potential for timely and full fulfillment of its financial obligations to creditors, depositors, and investors.
According to the results of the period under review, the main indicators of the bank's activity showed stable growth. At the end of 2019, the bank's assets increased by 14.40 percent compared to the results of 2018 and reached 34.9 trillion soums ($3.3 billion).
The gross loan portfolio of Uzpromstroybank JSCB at the end of 2019 increased by 7.87 percent compared to the results of 2018 and reached 29.4 trillion soums ($2.4 billion) or 84.38 percent of all assets of the bank.
As for the size of the bank's share capital, it increased by 2.5 times compared to the results of 2018 and reached 4.6 trillion soums ($440 million). At the same time, the share of equity capital in the structure of the bank's liabilities also increased - from 6.15 percent in 2018 to 13.28 percent at the end of 2019.
Thus, the capital adequacy and capital adequacy ratios of the first level of Uzpromstroybank increased and amounted to 23.04 percent and 18.01 percent, respectively. At the same time, as the agency's experts note, in general, at the end of 2019, the capital adequacy and capital adequacy indicators of the first tier of the bank are much higher than the standard values established by the Central Bank of Uzbekistan - at the level of 13.0 percent and 10.0 percent, respectively.
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