On March 13, Fitch Ratings affirmed the Long-Term Issuer Default Ratings (IDRs) of the National Bank for Foreign Economic Activity of Uzbekistan at 'BB' in foreign and local currency with a 'Stable' outlook. The bank's Viability Rating (VR) remained at 'b+'.
Fitch notes that the ratings reflect potential state support, anchored by a GSR of 'bb'. The high VR is driven by the bank's leading market position, capitalization, liquidity, and profitability, although risks related to loan portfolio concentration and asset dollarization remain.
The bank remains the largest player in the market, accounting for 16% of banking sector assets by the end of 2025. The focus is on corporate and retail lending, including support for state-owned enterprises, and the agency forecasts further improvement in the operating environment and a reduction in structural risks.
Now on home
Businesses, startups, and government initiatives are increasingly choosing the national domain zone
The Experience of the In Touch Store
Investments in the project will amount to $135 million, the start of production is scheduled for 2026
The project should dramatically increase copper processing and strengthen the country's mining and metallurgical industry
The company wants to participate in the development of New Tashkent and urban projects in Samarkand, Bukhara and Khiva
New highway changes the region's logistics:
Electric vehicle charging stations in the capital are being shut down en masse
The car market demonstrates steady growth
Nurabad Technology Park will become a new center for investment and technology
A direct route to Novosibirsk will open up opportunities for tourism and business
The parties discussed the development of peaceful uses of nuclear energy