Assigned rating of InFinBank reflects high business activity of the financial institution in the market, dynamic development of commercial network, adequate capitalization and acceptable level of liquid position. The rating takes into accounts risks, connected with growth of assets and geographic concentration of the business.

Firm strategy, directed at expanding business scale and strengthening position of the bank in the market, as well as support of shareholders gave additional stability to InFinBank’s business. At the same time, the rating takes into account growth of assets and related risks, significant level of industrial and clientele concentration of the business, as well as possible risks related to growth strategy and purchase of new assets.

At the period of review, the bank recorded positive growth. Assets of InFinBank grew by 31.49% to 208.9 billion soums in the third quarter of 2012. Loan portfolio rose by 32% year-on-year to 72.036 billion soums. Other income-bearing assets of the bank such as inter-banking assets and investments rose by 62.33% and 99.96% respectively in the reporting period.

Taking into account this, their share in assets rose from 19.2% in the third quarter of 2011 to 24.28% in the third quarter of 2012. Total income-bearing assets of InFinBank rose by 44.28% and made up 58.76% of total assets (53.55% in the third quarter of 2011).

In the reviewing period, liquidity of InFinBank is rated as balanced. All liquid assets of the bank rose by 26.87% to 43.54% of total assets of InFinBank in the third quarter of 2012 (45.13% in 3Q2011). Current assets and current liabilities of the bank grew by 25.92% and 19.34% respectively in the third quarter of 2012. Coefficient of current liquidity of InFinBank rose from 73.26% in the third quarter of 2011 to 77.3% in the third quarter of 2012. In the reporting period, the ratio of loan portfolio to deposits and attracted resources at the money markets decreased to 48.6% (60.51% in 3Q 2011).

In the third quarter of 2012, the main part of the bank’s liabilities fell to share of clientele accounts, which made up 69.87% of aggregate liabilities. At the same time, all deposits of the clients made up 86.9% (85.7% in 3Q 2011) of all attracted resources of InFinBank in the third quarter of 2011. Out of them about 95.66% of liabilities of InFinBank is with term of less than a year. In the third quarter of 2012, term resource base of InFinBank rose almost by 56.54% and the ratio of loans to term resource base fell from 132.91% in the third quarter of 2011 to 112.24% in the third quarter of 2012.

Capital adequacy of InFinBank is rated as acceptable. In the reporting period, own capital of the bank rose by 42.52% and reached 24.5 billion soums in the third quarter of 2012.

It is necessary to note that own capital rose due to growth of equity capital by 68.09%, which made up 21.8 billion soums. At the same time, share of undistributed income in aggregate capital of InFinBank made up 1.28% (2.65% in 3Q 2011).

General capital and the first level capital adequacy of InFinBank made up 12.9% and 16.3% respectively (14.1% and 13.6% in 3Q 2011). Own capital adequacy of the bank grew from 10.86% in the third quarter of 2011 to 11.77% in the third quarter of 2012 in the context of growth of the capital.

The business activity and financial stability figures of the bank were rated as in acceptable level. In the third quarter of 2012, share of loan portfolio in income-bearing assets made up 58.68% (64.14% in 3Q 2011). At the same time ratio of income bearing assets to deposits and attracted resources made up 82.82% (94.35% in 3Q 2011) in the reporting period.