Tashkent, Uzbekistan, Nov. 1
By Diana Aliyeva– Trend:
Ahbor Rating Agency has affirmed Uzbekistan’s private joint-stock commercial Universal Bank’s credit rating at "uzB" with "stable" outlook based on the results of monitoring of the bank’s activity in the second quarter of 2017, the bank said in a message Nov. 1.
Universal Bank’s net assets reached 177.6 billion soums in the second quarter of 2017, which is by 18.82 percent more than in the second quarter of 2016. In particular, the gross loan portfolio of the bank increased up to 119.5 billion soums (an increase of 99.81 percent) and amounted to 67.28 percent of net assets.
The bank’s liquid assets decreased by 59.87 percent and amounted to 25.5 billion soums or 14.38 percent of assets.
The bank’s liquidity coverage ratio reached 102.9 percent in the second quarter of 2017, which is 175.46 percent less than in the second quarter of 2016. At the same time, current assets decreased by 54.42 percent and amounted to 29.2 billion soums.
The bank’s current liabilities decreased by 14.97 percent and amounted to 88 billion soums. The current ratio also decreased from 61.98 percent to 33.22 percent.
Universal Bank’s interbank loans and interbank assets increased and amounted to 25.2 billion soums and 6.6 billion soums, respectively, in the second quarter of 2017 compared to 5.7 billion soums and 1.6 billion soums in the second quarter of 2016.
The bank's equity increased up to 33.8 billion soums (an increase of 17.25 percent), the bank's share capital - up to 22.7 billion soums (an increase of 10 percent).