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Finance 19/08/2010 Credit Standard Bank receives Euromoney award for excellence
Credit Standard Bank receives Euromoney award for excellence
Tashkent, Uzbekistan (UzDaily.com) -- Famous international financial magazine Euromoney (Great Britain) named the Credit Standard Bank as the Best Bank of Uzbekistan-2010 in the result of activities in 2009. The award was handed over within the Awards for Excellence ceremony.

The bank received this award in the result of poll of national and foreign partners of the edition, as well as rating of Moody’s Investors Service. The edition also used various quality and quantity aspects as professional management, personnel, balance, deals, etc.

Moody’s Investors Service assigned Open Joint-Stock Commercial Bank Credit-Standard (BCS) rating at B2/NP/B3/NP/E+ in 2009. Analysts of Moody’s assigned rating due to improvement of the bank’s position in Uzbekistan’s market, growth of deposits and loan portfolio. They also took into account expansion of branch network, launch of deposit products and consumer crediting programme, etc.

Euromoney is monthly financial magazine is based on 1969. Headquarters of the bank is located in London. It has over 150,000 readers. From 1991, Euromoney annually confers Awards for Excellence in banking affairs, finance and investments in 70 countries of the world.

Open Joint-Stock Commercial Bank "Credit-Standard" was founded on 16 August 2003. Assets of the bank made up 259.1 billion soums as of 1 April 2010. The equity capital was 35.4 billion soums.

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