The rating takes into account adequate capitalization, balanced liquidity of the bank. The rating takes into account fast growth of assets and related risks, relatively high exposure of balance to credit risks, limited business scale and clientele of the bank, acceptable assets’ quality.

Business scale of Amirbank expanded in moderate tempo. In the third quarter of 2011, the assets of the bank grew twice year-on-year in the third quarter of 2011 and reached 10.9 billon soums (6.5 billion soums in 3Q 2010). Other income-bearing assets of the bank grew by 5.39% year-on-year in the reporting period. At the same time, the investment portfolio rose by 6.08% year-on-year.

Quality of credit portfolio of Amirbank is rated at acceptable level. Main part of loans was secured with real estate (55.82%), transport (13.38%), and equipment (12.01%). In the third quarter of 2011, the bank had unsecured loans and their share made up 1.76% in total loan portfolio (3.29% in 3Q 2010).

In line with the set classification, about 100% of loans of the bank rated as good. It is worth to mention that there were no bad loans in the third quarter of 2011. In this connection, Amirbank did not allocated funds to reserve on possible loan losses.

Liquid position of Amirbank rated at acceptable level. In the reporting period, liquid assets of the bank grew by 65.08% year-on-year to 12.74% of the bank’s assets (15.22% in 3Q 2010). Current assets and current liabilities of Amirbank grew by 85.58% and 90.46% respectively.

At the same time, the coefficient of current liquidity of the bank decreased from 64.1% in the third quarter of 2010 to 62.45% in the same period of 2011. The ratio of loan portfolio to deposits and attracted funds from money markets decreased from 171.3% in the third quarter of 2010 to 129.12% in the same period of 2011 due to twofold growth of deposits and attracted resources. Term resource base of the bank grew three times year-on-year in the third quarter of 2011.

Main source of funding of Amirbank is clientele accounts, share of which in total liabilities made up 89.91% in the third quarter of 2011 (91.71% in 3Q 2010).

In the reporting period, over 60.15% deposits of the bank made with the term for one month and 99.98% are with term for up to a year. Besides, resources of other banks increased 3.5 times year-on-year to 700 million soums. In the third quarter of 2011, all liabilities of the bank increased 2.2 times to 8.45 billion soums.

Own capital of Amirbank increased by 82.45% in the third quarter of 2011 and reached 12 billion soums. Own capital mainly increased due to growth of equity capital of the bank by 85.86%. In the third quarter of 2011, the coefficient of common capital and the first level capital adequacy made up 58.6% and 62.3% (58.4% and 64.7% in 3Q 2010) respectively. The level of own capital adequacy made up 58.29% (63.04% in 3Q 2010).