Octobank received a Moody’s international credit rating with a “Stable” outlook

One of the world's largest rating agencies, Moody’s, has assigned Octobank a long-term international credit rating of B3. The rating outlook is stable.

According to Moody’s assessment, by the end of 2024, Octobank demonstrated strong financial performance: net profit amounted to 144 billion sum, return on assets was 4.8%, and nearly 80% of assets were liquid. The bank maintains a high level of capital: the Tier 1 capital adequacy ratio stands at 38%, and the total capital adequacy ratio is 48.3%, nearly double the regulatory requirements, ensuring resilience against potential economic challenges.

Moody’s expects the bank’s financial position to remain stable over the next 12–18 months. With the launch of new products, expansion of the customer base, and maintenance of current performance levels, Octobank’s rating may be upgraded.

Iskandar Tursunov, Chairman of the Board of Octobank
This is Octobank’s first international rating, and we see that our bank’s development course has been chosen correctly. The Moody’s rating will help us build even more stable relationships with international partners and make us more visible in the global market. We have ambitious plans to launch new products and services, which will become the main driver of our bank’s growth in the coming years.

Octobank is a universal private bank operating in the Uzbek market for over 20 years. The bank develops digital infrastructure, serves more than 3 million individual customers and over 2,500 corporate clients.

Moody’s is one of the leading international rating agencies in the world. The agency analyzes financial performance, business model, risk management, and resilience to economic challenges.