On May 1, 2023, Fitch Ratings, one of the prestigious international rating companies, assessed the credit rating of JSCB Microcreditbank at the level of the country's sovereign rating of "BB-" - "Stable". This level represents the stability of the bank's main indicators, in particular, the high lending potential and reliability to its customers and partners.
When determining the rating of the bank, Fitch Ratings deeply studied and analyzed of its annual financial performance, in particular, its its future lending potential.
It should be noted that the lending activity of Mikrokreditbank is extensive. Bank investments play an important role in financing from large sectors of the economy to small businesses. In particular, several dozen projects in the real sector of the economy, such as rabbit breeding, handicrafts, and agriculture, are being implemented in a timely manner due to the investments of Microcreditbank JSCB. This international rating provided by the leading rating company indicates that Mikrokreditbank JSCB performs efficiently and fully fulfills its functions.
Moody’s
JSCB Microcreditbank received a Ba3 long-term deposit rating with a stable outlook from Moody’s Investors Service. This rating acknowledges our strong capital position, bolstered by consistent government support, as well as our strategic role in financing SMEs in Uzbekistan. The stable outlook aligns with the steady financial landscape of Uzbekistan, highlighting our commitment to resilient financial practices. We will continue to address challenges related to loan quality and operational efficiency, maintaining our focus on sustainable growth and financial stability.
