News

Discussions about various risks associated with environmental, social and governance aspects (ESG) are gaining importance and intensification due to COVID-19. Companies are facing changing behaviors and habits that are changing business practices. More importantly, banks are coping with the unfolding asset value crisis and the associated credit risks, both in terms of lending and asset management.

On June 9, 2022, employees of the Risk Management Department conducted a webinar for risk coordinators of the bank's branches and divisions of the Head Office, dedicated to raising the level of risk culture and identifying and self-assessing operational risks.

Confidence in our overall asset quality, earning trajectory and cost optimization allowed the Bank gain remarkable profit. Net profit grew by 119% yoy to UZS 886.8 billion. The increase in net profit was driven by a growth of net interest income and fee and commission income.

On May 25, Ipoteka-bank held investor-call in JP Morgan’s “Frontier Markets Fixed Income Conference” which brought together all major players with investment interests for the emerging and developing economies.

The Center for Economic Research and Reforms (CERR) under the President of the Republic of Uzbekistan has published a Banking activity index for the 1st quarter of 2022. According to the rating, for the 1st quarter of this year Ipoteka-bank achieved the highest growth among banks, rising by 6 positions and taking 3rd place among all banks and 1st place among the state-owned banks.

On March 24, 2022, a signing ceremony was held in the building of the EBRD's Tashkent office to increase the trade finance limit between JSCMB “Ipoteka Bank” and EBRD by 30 million US dollars. After increasing the trade finance limit, the total permanent TFP limit reached 55 million US dollars.

From 1 to 19 November 2021, the International Finance Corporation and the International Capital Markets Association (ICMA) organized a workshop on the Technical Assistance Program (GB-TAP) for Green, Social and Sustainability Bonds.

American bank “JPMorgan Chase” awarded  JSCMB “Ipoteka-Bank” for outstanding achievement of clearing quality with 98.56% in US dollars in MT103 STP class for 2021.