Experts of Moody’s visited Hamkorbank
22/03/2012 11:02
Experts of Moody’s visited Hamkorbank
22/03/2012 11:02
Tashkent, Uzbekistan (UzDaily.com) -- Positively assessing financial states of Hamkorbank, Moody’s Investors Service assigned a standalone E+ bank financial strength rating (BFSR) and B1 long-term and Not Prime short-term local-currency deposit ratings and B2 long-term and Not Prime short-term foreign-currency deposit ratings. to the banks. The outlook is stable.
According to the experts of the agency, the ratings reflect the bank's adequate corporate governance and risk culture, which is supported by the involvement of the International Finance Corporation (a 15% stakeholder) in the bank's Supervisory Board as well as its Strategy and Risk Committees; its niche franchise in SME lending and money transfer business, especially in the City of Andizhan in the Region of Fergana; the granular nature of the bank's credit risk
The banks said that the analysts of Moody’s Elena Redko and Olga Ulyanova visited headquarters of Hamkorbank in Andijan to familiarize with its activities.
According to analysts, strengthening of position in corporate and retail sectors, preserving of goods financial figures, good diversification of credit portfolio will serve as main factor for receiving high rating in the perspectives.
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