The meeting was aimed at analysis of the bank’s activities within the signed agreement between Universalbank and Fitch Ratings. The bank noted that it signed contract on assigning full public rating, which will not require preliminary agreement of Universalbank for publication. This proves that Universalbank adheres to transparency policy and introduces modern principles of corporate management.

Earlier, Ahbor-Reyting, national rating agency of Uzbekistan, assigned credit rating of Universalbank private open joint stock commercial bank at the uzB level. The outlook is stable.

The bank also carried out audit of 201o results in line with the international financial reporting standards. PriceWaterhouseCoopers conducted the audit. Universalbank private open joint stock commercial bank was founded on 25 May 2002 with charter capital of 0.05 billion soums on the base of Qoqand private open joint stock commercial bank. The headquarters of the bank is located in Qoqand city, Ferghana region of Uzbekistan. The main clients of the bank are small and private businesses, as well as retail clients. The assets of the bank made up 33.8 billion soums as of 1 January 2011.