Monday, 17 August 2009
Standard & Poor's international rating company assigned the People's Bank of Uzbekistan long-term and short-term ratings of the contractor at 'B' level with "Stable" outlook.
The S&P analysts noted leading positions of the People's Bank in retail sector as a national savings bank, mentioned its good indicators of funding and liquidity, its status as a state organization, which in turn allows possibilities for extraordinary state support in demand.
Credit analyst of Standard & Poor's Sergey Dementyev said the "Stable" outlook expresses the company's expectations that in medium-term perspective, the bank will stay as a bank property.
Currently the state commercial bank unites 199 branches, 248 mini banks, over 2,230 departments, 732 desks and 189 mobile banks and cashes. The bank pays special attention to the processes of further improvement of capitalization, investment activity, modernization, technical and technological update of manufacture in perspective branches of economy, financing small businesses, attracting additional money resources of the population and legal entities.
