The rating reflects average level of solvency of Amirbank. Currently, the bank implements its financial liabilities in time and fully, but margin of safety is limited and ability of the bank to continue its payments depends on sustainable and favourable business environment and economic situation.

The rating takes into account high concentration of debtors and risks, related with high growth of loans, high share of operations with affiliated sides, moderate capitalization and profitability figures due to potential expenses to development of the bank’s business. The rating also reflects favourable perspectives of growth, intensive utilization of main segments of the banking services, acceptable level of liquidity, firm strategy of the bank, and experience managers’ team.

Despite short period of operation, Amirbank collected enough number of clientele base due to its successful work on introduction of various banking products with use of information-banking technologies. The bank has undeveloped branch network and Amirbank’s balance sheet figures are lower compared to other similar banks. According to Ahbor-Reyting, the bank’s business mainly concentrates in Samarkand region. In order to decrease regional concentration of its activities, Amirbank is planning to open several new branches and other regions of Uzbekistan in 2012.

In 2011, Amirbank’s business scale expanded with fast tempo. In 2011, the assets rose by 47.1% to 21.7 billion soums. The loan portfolio reached 12.1 billion soums. It is worth to mention that material-technical base of the bank rose 2.3 times and its share in total assets made up 27.36%.

Quality of Amirbank’s asstes was rated as favourable. In 2011, the reserves of the bank on possible loss on loans made up 1.34% of loan portfolio and the loans issued by the bank are rated as good. Ahbor-Reyting positively rated inexistence of bad loans. At the same time, the bank allocated 1.34% of loan portfolio to the reserves in 2011. Ahbor-Reyting said the fast growth of crediting, which is envisaged by the bank’s strategy and inexistence of quality base of debtors’ credit history, can be serious test for efficiency of Amirbank’s operations and effectiveness of its management system.

It is worth to mention that share of liquid assets in total assets of the bank decreased in 2011. At the same time, current assets and current liabilities decreased by 4.11% and 26.4% respectively in 2011. In the result, the coefficient of current liquidity rose from 31.61% in 2010 to 41.18% in 2011.

Capitalization level of Amirbank in 2011 is rated as high. Additional emission of shares helped to increase equity capital by 2.3 times to 11.7 billion soums (5 billion soums in 2010).

According to the report, the coefficient of general capital and the first level capital of Amirbank made up 50% and 59.8% respectively (51.7% and 56.5% in 2010).