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Moody : positively rates developing banking system

04/24/2015 | 01:05pm US/Eastern

Tashkent, Uzbekistan (UzDaily.com) --

Central Bank of Uzbekistan in cooperation with international rating agency Moody's held the fifth annual conference dedicated to issues of ranking of commercial banks.

Over 300 participants, including heads and officials of the commercial banks, participated in the conference.

At the event, the conference participants discussed issues related to changes in economy in European zone and their impact to the CIS states, impact of unstable economic state to quality of assets, liability of the banking system to external shocks. The participants considered a review of the banking system of the CIS in economic turbulence.

Experts of Moody's provided information on methodology of assigning credit rating and shared opinion on results of reforms, conducted in the banking system, the press service of the Central Bank of Uzbekistan said.

Moody's issued a report "Outlook for development of banking system of Uzbekistan", which affirmed stable outlook of the banking system. The reports noted stable quality of assets, high growth of economy, sustainable liquidity and efficiency of the banks. The rating agency expects the banking system will develop stably in the next 12 to 18 months.

At the conference, the participants considered efficiency of banking supervisions, monitoring quality of assets, diversification of loan portfolio, capital liquidity, as well as sustainable operations of the Uzbek banks.

(c) 2015 UzDaily.com. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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