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The international rating agency Moody's Investors Service affirmed the ratings of JSCMB Ipoteka Bank

Posted by: 27 january, 2020

The international rating agency “Moody's Investors Service” affirmed on January 24, 2020 the long-term ratings of Joint-Stock Commercial Mortgage Bank “Ipoteka Bank”, for deposits in national currency - at “B1”, for deposits in foreign currency - at “B2”. The outlook on the bank ratings is “stable”.
According to analysts of the rating agency Moody's Investors Service, the international rating of JSCMB Ipoteka Bank reflects its strong position in the market of retail and corporate banking services, in particular in the segments of consumer and mortgage lending, plastic cards, deposits, international money transfers, leases , guarantees and financing of investment projects.

As positive factors, the Moody's Investors Service rating agency notes an improvement in capital adequacy indicators, a decrease in credit concentration per borrower, a decrease in dollarization of the loan portfolio, as well as a strengthening of the bank's liquidity position.
JSCMB Ipoteka Bank is one of the four largest banks in Uzbekistan and provides various types of banking services through a wide network of branches and divisions that cover all regions of the country.