Moody's confirms ratings of Uzbekistan’s Ipoteka Bank

Tashkent, Uzbekistan (UzDaily.com) -- Moody’s Investors Service confirmed international ratings of Ipoteka Bank joint stock commercial mortgage bank with stable outlook.

The bank kept its long-term local currency deposit rating of B1. Long-term foreign currency deposit rating was B2/NP. The E+ BFSR and Not Prime short-term deposit ratings remain unchanged

Moody’s underlined significant growth of credit portfolio and asset quality, as well as improvement of risk management system and corporate management.

The diversified income source and stable level of liquid positions positively reflected to the rating of the Uzbek bank.