{"id":10016,"date":"2025-09-26T12:19:05","date_gmt":"2025-09-26T07:19:05","guid":{"rendered":"https:\/\/frank.uz\/bez-kategorii\/fitch-lowered-its-forecast-for-anor-banks-ratings-due-to-weak-capitalization\/"},"modified":"2025-09-26T12:19:05","modified_gmt":"2025-09-26T07:19:05","slug":"fitch-lowered-its-forecast-for-anor-banks-ratings-due-to-weak-capitalization","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/fitch-lowered-its-forecast-for-anor-banks-ratings-due-to-weak-capitalization\/","title":{"rendered":"Fitch lowered its forecast for Anor Bank&#8217;s ratings due to weak capitalization"},"content":{"rendered":"<p><strong>Why is this important<\/strong><\/p>\n<p>A decrease in the forecast reflects the risks to the bank&#8217;s stability and can affect its ability to attract financing. This is a warning signal for investors and depositors against the backdrop of an unstable capital base. <\/p>\n<p><strong>What happened<\/strong><\/p>\n<ul>\n<li>The forecast for the issuer&#8217;s default rating (IDR) in national and foreign currencies has been reduced to \u201cNegative\u201d, and the ratings themselves have been confirmed at the B- level.<\/li>\n<li>The viability rating (VR) \u2014 B- has also been confirmed, reflecting weak core capitalization.<\/li>\n<li>The Fitch core capital ratio (FCC) dropped to 4.3% at the end of the first half of 2025 (in 2023: 5.1%) \u2014 an extremely low level.<\/li>\n<li>Fitch indicates: without capital investment from the owner, the bank may not even maintain these indicators.<\/li>\n<li>The agency expects FCC growth to 5-6% over a two-year period, provided that annual capital inflows are ~2% of RWA.<\/li>\n<li>More than 90% of Anor&#8217;s liabilities are formed from client term deposits \u2014 fragmented and sensitive to interest rates.<\/li>\n<li>Liquid assets at the end of the first half of 2025 accounted for 18% of all assets \u2014 this is an adequate level.<\/li>\n<\/ul>\n<p><strong>What they say<\/strong><\/p>\n<blockquote><p>The weakness of capital and the aggressive growth of the balance sheet put the bank&#8217;s stability in question. Without significant injections or slowdown in growth rates, ratings may be lowered, \u2014 Fitch notes.<\/p><\/blockquote>\n<p><strong>Context<\/strong><\/p>\n<p>Anor Bank is one of the dynamically developing private banks in Uzbekistan, actively increasing its loan portfolio. In 2023-2025, the bank expanded its product line, launched digital services, and actively competed in the retail deposit segment. <\/p>\n<p>In 2022, Fitch had already expressed concern about Anor&#8217;s high asset growth without comparable capital growth. In 2025, the regulator strengthened supervision over the capitalization of rapidly growing banks, making Anor&#8217;s position more vulnerable. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings reviewed the forecast for Anor Bank&#8217;s ratings from \u201cStable\u201d to \u201cNegative\u201d, confirming the IDR level at B-. The reason is the steady decline in the base capitalization against the backdrop of aggressive lending growth. <\/p>\n","protected":false},"author":4,"featured_media":9948,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_sharing_image":{"poster":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/09\/68d676601844d.jpg","width":1200,"height":630,"template":"2bf59057","mode":"auto"},"_sharing_image_fieldset":{"Dv78f24rp1hU":9948,"YlB8HH34jIzY":"Fitch lowered its forecast for Anor Bank&#8217;s ratings due to weak capitalization"},"pin_until":"","footnotes":""},"categories":[2061],"tags":[2949,2212,2948,2079,2947],"class_list":["post-10016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-anor-bank-en","tag-banks","tag-capitalization","tag-finance","tag-fitch-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.0 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fitch lowered its forecast for Anor Bank&#039;s ratings due to weak capitalization &#8212; Frank.uz<\/title>\n<meta name=\"description\" content=\"Fitch Ratings reviewed the forecast for Anor Bank&#039;s ratings from \u201cStable\u201d to \u201cNegative\u201d, confirming the IDR level at B-. The reason is the steady decline in the base capitalization against the backdrop of aggressive lending growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/frank.uz\/en\/news-en\/fitch-lowered-its-forecast-for-anor-banks-ratings-due-to-weak-capitalization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fitch lowered its forecast for Anor Bank&#039;s ratings due to weak capitalization\" \/>\n<meta property=\"og:description\" content=\"Fitch Ratings reviewed the forecast for Anor Bank&#039;s ratings from \u201cStable\u201d to \u201cNegative\u201d, confirming the IDR level at B-. The reason is the steady decline in the base capitalization against the backdrop of aggressive lending growth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/frank.uz\/en\/news-en\/fitch-lowered-its-forecast-for-anor-banks-ratings-due-to-weak-capitalization\/\" \/>\n<meta property=\"og:site_name\" content=\"Frank.uz\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FrankUzbekistan\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-26T07:19:05+00:00\" \/>\n<meta name=\"author\" content=\"Azamat\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@frank_uzb\" \/>\n<meta name=\"twitter:site\" content=\"@frank_uzb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Azamat\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/frank.uz\/en\/news-en\/fitch-lowered-its-forecast-for-anor-banks-ratings-due-to-weak-capitalization\/\",\"url\":\"https:\/\/frank.uz\/en\/news-en\/fitch-lowered-its-forecast-for-anor-banks-ratings-due-to-weak-capitalization\/\",\"name\":\"Fitch lowered its forecast for Anor Bank's ratings due to weak capitalization &#8212; Frank.uz\",\"isPartOf\":{\"@id\":\"https:\/\/frank.uz\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/frank.uz\/en\/news-en\/fitch-lowered-its-forecast-for-anor-banks-ratings-due-to-weak-capitalization\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/frank.uz\/en\/news-en\/fitch-lowered-its-forecast-for-anor-banks-ratings-due-to-weak-capitalization\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/frank.uz\/wp-content\/uploads\/2025\/09\/all9hk16611648404987_b.jpg\",\"datePublished\":\"2025-09-26T07:19:05+00:00\",\"author\":{\"@id\":\"https:\/\/frank.uz\/en\/#\/schema\/person\/ef76c06f7f97345c76ba878b2a9bee67\"},\"description\":\"Fitch Ratings reviewed the forecast for Anor Bank's ratings from \u201cStable\u201d to \u201cNegative\u201d, confirming the IDR level at B-. 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The reason is the steady decline in the base capitalization against the backdrop of aggressive lending growth.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/frank.uz\/en\/news-en\/fitch-lowered-its-forecast-for-anor-banks-ratings-due-to-weak-capitalization\/","og_locale":"en_US","og_type":"article","og_title":"Fitch lowered its forecast for Anor Bank's ratings due to weak capitalization","og_description":"Fitch Ratings reviewed the forecast for Anor Bank's ratings from \u201cStable\u201d to \u201cNegative\u201d, confirming the IDR level at B-. 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