ASSETS OF UZBEK BANKS REACH 73.4 TRILLION SOUMS
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To date, the indicators of banking system of Uzbekistan not only meet the generally accepted world standards, but exceed them in some parameters.
This was discussed at the regular enlarged meeting of the Board of the Central Bank of the Republic of Uzbekistan dedicated to the results of banking system activity for the I quarter of 2016.
Today the level of capital adequacy of the banking system is almost 3 times higher than established international norms. Total capital of banks as of July 1, 2016 made up 8 trillion soums, which is 23.3% more in comparison with the corresponding period last year.
The level of current liquidity for a number of years has been exceeding 64.5%, which is twice times higher than the minimum standards adopted in the world practice.
Total assets of banks compared with the same period last year increased by 25.4% and amounted to 73.4 trillion soums.
In particular, the international rating Agency Мoody’s the sixth year in a row has been assigning the credit rating with the forecast "stable" prospects of development of banking system of Uzbekistan. The banking system of Uzbekistan is also appreciated by the rating agencies Standard & Poor’s and Fitch Ratings.
UZREPORT
