Ahbor-Reyting, Sarbon credit union sign agreement

Tashkent, Uzbekistan (UzDaily.com) -- Ahbor-Reyting, rating agency, and Sarbon credit union signed an agreement on rendering service on assignment of individual rating to the credit union.

The agency said Sarbon is one the dynamically developing local credit unions. The agency underlined that the agreement is evidence of intention of the credit union to improve transparency of its activity.

The agency underlined that currently Central Bank, Uzbekistan Banking Association, Credit Unions’ Association and National Microfinance Association and credit unions are carrying out complex measures on satisfying demand of small businesses in financial resources and expansion of activity of the credit unions and microcredit organizations.

Ahbor-Reyting underlined that assignment of ratings to credit unions will help for development and expansion of credit unions’ system and other non-banking credit organizations, as well as strengthen trust of potential investors and population.