Octobank Awarded “uzA+” Credit Rating by Ahbor-Reyting Agency

In 2024, Octobank was awarded a long-term credit rating of “uzA+” with a Stable outlook by the independent rating agency Ahbor-Reyting, one of Uzbekistan’s key institutions in assessing financial resilience and creditworthiness.

A Strong Signal of Stability

The “uzA+” rating reflects a very high level of creditworthiness and indicates an extremely low level of credit risk. This means Octobank has a strong capacity to meet its financial obligations fully and on time to creditors, depositors, and investors. The Stable outlook expresses analysts’ confidence in the bank’s ability to maintain its current position in the near future.

For clients, this rating serves as an additional guarantee of the bank’s reliability. For investors, it signals that the bank’s financial and managerial standing meets high market standards.

How the Rating Is Determined

The rating is based on a comprehensive analysis of the bank’s financial condition and operational performance. Key factors considered include:

• Capital adequacy and business model sustainability
• Asset quality and structure, including risk provisioning
• Liquidity indicators and the ability to withstand stress scenarios
• Operational efficiency and corporate governance strategy
• Track record of fulfilling debt obligations

Compared to the previous year, when Octobank held a “uzA” rating, the upgrade to “uzA+” is a clear sign of positive momentum: growth in key financial indicators, reduced risks, increased market share, and progress in digital infrastructure.

Strengthening Market Leadership

Octobank has emphasized that its strategy is centered on building trust, expanding digital services, and increasing operational transparency. The bank’s leadership believes that only by nurturing genuine confidence among clients and stakeholders can it sustain long-term growth in an increasingly competitive market. To that end, Octobank has rolled out a series of initiatives over the past year: enhanced mobile and online banking platforms, streamlined onboarding processes, and more robust cybersecurity measures. By simplifying complex transactions and providing real-time insights into account activity, the bank aims to make finance feel accessible and secure for everyone—whether a small-business owner in Tashkent or a first-time saver in Samarkand.

Operational transparency has also been a priority: Octobank now publishes quarterly impact reports detailing performance metrics, risk exposures, and progress toward its sustainability goals. These reports are complemented by town-hall webinars and community forums, where customers and analysts can pose questions directly to senior management. Such open dialogue not only demystifies banking operations but also encourages feedback that shapes future product development.

The upgraded “uzA+” rating not only confirms the success already achieved, but also serves as a benchmark for the bank’s sustainable future growth. It reflects both the solidity of Octobank’s balance sheet and its commitment to innovation—qualities that attract new investors and deepen existing partnerships.

“For us, the rating is not just a number - it’s confirmation that we are on the right path. It is the result of consistent, systematic work by our entire team, and we will continue to strengthen our position,” the bank stated. Looking ahead, Octobank plans to leverage emerging technologies—like open-banking APIs and blockchain-based trade finance—to support regional economic development and broaden access to affordable credit.

A Leader in the New Banking Era of Central Asia

Building on this latest rating, Octobank is poised to deepen its transformative impact across Uzbekistan’s financial sector. Backed by strong capital adequacy ratios and robust liquidity buffers, the bank has already rolled out an ambitious digital transformation agenda. From expanding its mobile and online banking platforms to piloting API interfaces that enable third-party developers to build new services, Octobank is making open banking a reality for both retail and corporate clients. Its digital wallet solution now supports instant person-to-person transfers, QR-code payments at thousands of local merchants and seamless integration with emerging e-commerce platforms.

On the corporate side, Octobank has established dedicated fintech accelerators and innovation labs aimed at nurturing local startups in payments, lending and regtech. By partnering with international technology providers and development agencies, the bank offers mentorship, co-investment opportunities and access to its sandbox environment. This not only accelerates product development but also enhances risk-management frameworks through real-time monitoring and AI-driven analytics.

In parallel, Octobank has strengthened its regional footprint by collaborating with neighboring Central Asian banks on cross-border payment corridors and trade-finance initiatives. These efforts are supported by comprehensive environmental, social and governance policies that underpin its lending to small and medium enterprises, renewable-energy projects and infrastructure development.

As Uzbekistan’s banking industry continues to modernize under national reform programs, Octobank’s “uzA+” rating underscores its ability to drive sustainable growth, promote financial inclusion and position itself as a strategic partner for both domestic entrepreneurs and global investors.