Standard and Poor’s affirms ratings of Khalq Bank
24/07/2012 15:22
Standard and Poor’s affirms ratings of Khalq Bank
24/07/2012 15:22
Tashkent, Uzbekistan (UzDaily.com) -- International rating agency Standard and Poor’s affirmed credit rating of the State Commercial Khalq Bank at the level of B+/B. The outlook is stable.
Specialists of Standard and Poor’s studied the activities of the banks of Uzbekistan, targeted policy of the Government of Uzbekistan on strengthening financial system of Uzbekistan, activities of the bank, its strategic directions and results of 2011. In the result, they affirmed ratings of Khalq Bank.
Khalq Bank is one of the largest banks in Uzbekistan. He has good funding and liquidity figures. The bank also implements state programs in social sector.
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