The bank said that it has been affirmed its reputation as reliable business partner and unique financial institute, which offers wide-range of modern banking products and services.

Modern financial support of UTBANK helps to launch production of new banking products, as well as innovative technologies, taking into account interest of business partners and clients of the bank.

In 2016, the bank expands its business and it preserved market positions at various levels, as well as strengthen main financial indicators. Moody’s Investors Services affirmed its rating at B2/NP/E+, while Ahbor-Reyting affirmed the rating of the bank at UzA.

As of 1 October 2016, the bank’s assets made up 255.4 billion soums. Total volume of issued loans made up 90.3 billion soums in the reporting period, while volume of net credit portfolio made up 107.59 billion soums. In the end of third quarter of 2016, own capital of the bank reached 93.39 billion soums.

UTBANK developed its strategy for development this year. The bank plans to diversify business and regional development. In 2016, the bank opened its Yunusabad branch in Tashkent. In 2017, it plans to develop branches via opening offices in Ferghana and Samarkand region.

The bank introduced international quality management system ISO 9000:2008. UTBANK expands cooperation with international financial institutes. Within attraction of foreign credit lines, it signed agreements on opening credit lines with the foreign banks.