OJSCB “Credit-Standard” is one of the largest among medium size commercial banks of Uzbekistan. Share of assets of the bank in the structure of the banking system made about 2% at the year-end.
OJSCB “Credit-Standard” has obtained general license to conduct banking operations, issued by Central Bank of Uzbekistan in 2003. Controlling interest at the amount of 51% of shares was purchased by Russian investment company “Transcapital” LLC in May 2007.
The bank actively expands its credit portfolio – during four years credit portfolio of the bank has increased more than 18 times. However share of credit portfolio in the structure of the banking system at the year-end still remains very small – 0.24%.
Strong deposit policy – value of the ratio CAGR (compound annual growth rate) during three years on deposit portfolio of the bank is one of the highest among commercial banks of Uzbekistan. Share of deposits of the bank covers 2.9% in the structure of the banking system.
We submit a “Buy” rating on common shares of the bank.
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