Representatives of commercial banks of Uzbekistan participated at the conference, which was held at Uzbekistan Banking Association.

At the conference, the participants considered issues related to analyses of financial reports of the banks and rating methodology of Moody’s, as well as introduction of modern assessment methods at the commercial banks, etc.

Experts of Moody’s presented detailed information on assigning credit rating and shared opinion on results of reforms in the banking sector of Uzbekistan.

Moody’s underlined that it cooperates with six counties of the CIS – Uzbekistan, Russia, Ukraine, Belarus, Azerbaijan and Kazakhstan and two of them, including Uzbekistan, have stable outlook for development of banking system.

It was noted that Uzbekistan has favourable operational environment, macroeconomic stability, good figures of profitability and quality of assets and sustainable level of liquidity, profitability and efficiency of the bank.

On 8 August 2013, Moody’s published a report “Forecast on developing banking system of Uzbekistan” and affirmed stable outlook for the fourth year in a row.

According to opinion of Moody’s, main factors for stable outlook are sustainable economic growth of Uzbekistan and favourable environment for the bank.

Currently, all commercial banks of Uzbekistan have ratings of international rating agencies Moody’s, Standard and Poor’s and Fitch Ratings.

At the conference, the participants discussed issues of further deepening reforms and increasing sustainability of the banking system, improving assessment of commercial banks, etc.