The international rating agency “Moody's” raised the rating indicators of the JSCB «Hamkorbank» from “b2” to “b1”. Local currency deposit rating is affirmed as “B1”, the rating of long-term deposits in foreign currency is affirmed by B2, and the base credit rating is “b1”.
Rating change forecast - “Stable”.
The rating action reflects the stable financial results of the bank, as well as the expectation that Hamkorbank’s financial metrics to remain robust and better than those reported by Uzbekistan’s banking sector on average. These include, in particular, good asset quality, high profitability, as well as stable financing and a liquidity profile.