The rating of Bank Ipak Yoli reflects stable position of the bank in the market, high reputation and image of the bank, good level of risks management, balanced liquid position and adequate capitalization, as well as stable growth of financial results of the activities. At the same time, the rating also takes into accounts concentration of business in Tashkent region, low diversification and short-term funding base, as well as potential risks, related to the growth strategy.

Being one of ten largest commercial banks of Uzbekistan on main activity parameters, Bank Ipak Yoli demonstrated stable improvement of its financial activity. In 2010, the assets of the bank grew by 26% year-on-year to 522.6 billion soums, while loan portfolio increased by 11.98% to 174.5 billion soums.

At the background of growth of business activity, the bank improved its financial results. In 2010, the ROAA and ROAE of the bank made up 1.74% and 22.29% (1.75% and 23.78% in 2009) respectively.

The bank’s liquidity position is in acceptable level. At the same, the coefficient of current liquidity makes up 78.2% (73.13% in 2009). At the same time, the average terms of liquid position of the bank is considered as mainly short-term, which limits opportunities of the Bank Ipak Yoli on funding active operations. Ahbor-Reyting said that more long-term borrowings would help for further diversification of the funding base.

The bank’s capitalization is rates as adequate. Own capital of the bank rose from 30.9 billion soums in 2009 to 42 billion soums in 2010. At the same time, the capital adequacy and the first level capital adequacy made up 16% and 13.2% (14.3% and 11.6% in 2010) respectively.

Open joint stock innovative commercial bank Ipak Yoli was founded in 1990 and it was re-registered after merger of joint stock commercial bank Umarbank and joint stock commercial bank Namangan. Active operation of the bank helped it to enter top 10 commercial banks of Uzbekistan on the volume of assets and crediting volume, as well as retail deposits.

As of the end of 2010, the assets of the bank made up 2.66% in total assets of the banking sector of Uzbekistan, capital – 1.66%, loans – 1.64% and retail deposits – 3.17%.