OREANDA-NEWS. August 11, 2008. In July 2008, International rating agency Moody's Investors Service confirmed current rating of AsiaUniversalBank, reported the press-centre of AsiaUniversalBank.

Indicative rating of AsiaUniversalBank, appropriated by Moody's agency:
Financial Stability Rating: E
Long-term foreign currency deposit rating: Caa2
Long-term local currency deposit rating: Caa2
Short-term local and foreign currency deposit rating: Not Prime
A forecast for all ratings: Stable

In its conclusion the rating agency noted the following positive factors which had affected the rating: AUB's reasonable model of strategic development (and as a result of its realization the deposit base had been increased), a highly qualified administrative team, advanced information technologies, a reasonable policy on risks management, sufficient capitalization, the bank's aspiration to comply to the international requirements while defining and preventing any possible actions of any clients, who try to perform money –laundering of illegally acquired funds.

We'd like to note, that Moody's agency has positively mentioned the merge of AsiaUniversalBank and Kyrgyzpromstroibank: in June, 2008 the Bank declared, that it plans to be united with the Kyrgyzpromstroibank. Considering the wide territorial cover of KyrgyzPromstroibank, which consists of 69 branches located throughout the territory of the Kyrgyz Republic, and under the conditions of rapidly growing banking market of Kyrgyzstan, the merge should help AUB with the further strengthening of Bank's franchise at the local market".

We would like to remind, that in 2006 AUB became the first bank in Kyrgyzstan which got the Moody's international standards rating.