Fitch Ratings affirms Qishloq Qurilish Bank in Uzbekistan at 'BB-'

11.08.2020 09:52

Fitch Ratings has affirmed Joint-Stock Commercial Bank Qishloq Qurilish Bank's (QQB) Long-Term Issuer Default Ratings (IDRs) at 'BB-'. The Outlook is Stable.

As of August 1, the total capital of the bank amounted to 2,334.2 billion UZS and increased by 888.3 billion UZS relative to the beginning of the year. The authorized capital of the bank by the reporting period amounted to 1,855.2 billion UZS. The volume of deposits in the bank is 3.301 billion UZS, including short-term – 684.4 billion UZSs, long-term – 2,616.6 billion UZS. It is noteworthy that relative to the beginning of the year, the total volume of deposits increased by 17.9 percent, including the volume of long-term deposits – by 503.3 billion UZS, or 24 percent.
 
Earning the trust of customers by introducing modern services is the priority goal of Qishloq Qurilish Bank.

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