Assigned rating to Turon Bank reflects improvement of financial results of the bank in context of growth of business scale, traditional clientele base in the regions and developed commercial network. The rating also takes into account risks related with fast growth of assets, moderate capitalization, as well as apprehensibility to external funding sources. It also takes into account experience of the bank in the market and support of shareholders.

In the reporting period, business scale of Turon Bank demonstrated stable improvement. In line with financial reports, as of 31 December 2009, the assets of the bank reached 216.3 billion soums.

The assets quality of the bank has been evaluated as good in 2009. Despite decrease of credit portfolio and interbank resources, the volume of income-bearing assets of Turon Bank remained almost without change and made up 67.31% of total assets. Simultaneously, the level of write-off remained in relatively low level and the volume of bad loans decreased several times, which is surely considered as positive rating factor.

In 2010, the bank’s liquidity considered as acceptable. At the same time, liquid assets in 2009 rose by 27.33% and current liabilities by 12.9%. Coefficient of current liquidity of Turon Bank grew up to 48.01% (42.56% in 2008). Simultaneously, ratio of loan portfolio to term resource base made up 202.49% (208.8% in third quarter of 2010), which is considered as favourable level by Ahbor-Reyting.

In 2009, the client accounts at Turon Bank increased by 29.76% year-on-year and reached 85.93% of all attracted borrowed resources (73.39% in third quarter of 2010). At the same time, average term of repayment of borrowed funds is mainly short-term. Turon Bank is active participants of local security market. In 2010, the bank issued 3,000 bonds with par value of 1 million soums. Total volume of emission is 3 billion soums. The maturity term of the bonds is 5 years.

As of 1 October 2010, Turon Banks enters to top 20 commercial banks of Uzbekistan. Market share of its assets in the banking sector made up 1.79%, own capital – 0.92%, loans – 2%, deposits – 2%, and deposits of individuals – 1.37%. In connection with the growth of investment operations, its market share on investments made up 1.85% as of 1 October 2010.