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Moody’s upgraded Ipoteka-bank’s deposit rating to “Ba3” from “B1”

Posted by: 25 january, 2023

On the 24th of January 2023, Moody’s international rating agency took rating actions on Uzbek banks. Particularly, according to the report Ipoteka-bank’s long-term foreign and local-currency deposit ratings were uplifted to “Ba3”, with a “Stable” outlook.

The rise in ratings reflects Moody's assessment that Ipoteka-bank's new ratings followed the sovereign rating action on Uzbekistan and considers the strong government support to the Bank.

Moreover, the agency’s analysts specify that Ipoteka-bank’s outlook will remain stable and supported by a broadly stable credit profile in the next 12-18 months.

Ipoteka-bank remains focused on increasing its product and delivering high quality services to customers in all business segments. The main objective of the bank is to improve customer satisfaction and encourage long-lasting relationships to increase profitability.

For more information about bank’s ratings visit: