The uzA rating means high level of solvency of Bank Ipak Yoli, reflecting low level of loan risks in its activities. The bank with uzA rating has high potential for timely and full execution of its financial liabilities before creditors, depositors and investors.

In the reporting period, assets of the Bank Ipak Yoli grew by 21.58% year-on-year and reached 640.9 billion soums. At the same time, the volume of loan portfolio increased by 49.93% year-on-year to 268 billion soums. Simultaneously, share of loan portfolio in structure of assets reached 41.81% (33.91% in 4Q 2010) in the reporting period. The loan portfolio is rated as concentrated. Main part of loans were issued to industrial enterprises – 39.5% (42.8% in 4Q 2010), trade and catering – 36.1% (28.5%) and other sectors – 18.6% (20.3%).

Net commission income of the bank increased by 29.02% year-on-year and reached 36.8 billion soums (28.5 billion soums in 4Q 2010). It is worth to mention that net commission income makes up 49.52% in total operational income of the bank. Total operational income of the bank grew by 30.26% year-on-year to 61.3 billion soums. The ratio of expenses to operational income made up 82.44% in the fourth quarter of 2011 (82.46% in 4Q 2010). In the reporting period, net income of the bank rose by 30.49% to 13 billion soums. The profitability of assets and own capital of the Bank Ipak Yoli made up 2.24% and 24.49% respectively (2.12 and 24.43% in 4Q 2010). Ahbor-Reyting rated the profitability figures of the bank as in acceptable level.

In the reporting period, own capital of the bank increased by 26.94% year-on-year and equity capital jumped by 22.91%. Ahbor-Reyting attracted attention to the fact that the capital adequacy of the bank has negative trends for last four years. Coefficient of general capital and the first level capital adequacy was 13.7% and 10.9% (16% and 13.2% in 4Q 2010) respectively in the fourth quarter of 2011.

Liquid position of the bank rated as balanced. In the fourth quarter of 2011, share of liquid assets of the bank made up 47.39% (54.57% in 4Q 2010) in the bank’s assets. It is worth to mention that current assets and liabilities are continuing to show positive trends. Current assets of the bank jumped 5.02% and current liabilities – by 15.21% in the reporting period. Coefficient of current liquidity of the bank was 71.28% (78.2% in 4Q 2010) in the reporting period. The ratio of loan portfolio to term resource base was 180.08% (170.52% in 4Q 2010).