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Finance
16/09/2009
Expert RA withdraws rating of Hamkorbank
Expert RA withdraws rating of Hamkorbank
Tashkent, Uzbekistan (UzDaily.com) --
Russia’s Expert RA rating agency withdrew solvency rating of Uzbekistan’s Hamkorbank open joint-stock commercial bank on 15 September.
The rating agency said the rating was withdrawn in connection with expiry of its term. Earlier, the agency assigned B+ “Sufficient level of solvency” to Hamkorbank.
Hamkorbank, headquarters in Andijan, focuses its activity on financing small and medium businesses in Uzbekistan. The bank’s assets made up US$153 million as of 1 January 2009. Own capital of the bank comprised US$18 million and pre-tax income reached US$5.5 million in 2008.