OREANDA-NEWS. The international rating agency Fitch Ratings raised Asaka Bank’s international credit rating and confirmed projection: “STABLE”      .

The fact that the rating has been raised confirms once again Asaka Bank’s reliability and builds up the public confidence in Asaka Bank’s stability, is another evidence of its growing international prestige, strengthening position in the country’s banking system.

It has to be noted that the banks total assets as of July 1, 2016, amounted to UZS 7,650.4 bn, the aggregate capital to UZS 976.1 bn, the volume of credit investments and lease to UZS 3,874.2 bn. Long term credits constitute the major percentage of the loan portfolio structure.                  

During the first half-year, Asaka Bank allocated credits to the amount of UZS 1,204.0 bn for development of the real sector of the economy and credits to the amount of UZS 836.8 bn development of small businesses and private entrepreneurship. As a result, a multitude of new jobs were created.                      

This year, the Asaka bank staff intends to carry on active work aimed at extension of the line and improvement of offered services, financial support of the enterprises of the real sector of the economy, increasing the scales of crediting small businesses and private entrepreneurship, economically promising, profitable entities aimed at production of export-oriented and import-substituting products using local raw materials.