{"id":10032,"date":"2025-09-26T16:43:43","date_gmt":"2025-09-26T11:43:43","guid":{"rendered":"https:\/\/frank.uz\/bez-kategorii\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/"},"modified":"2025-09-26T16:43:43","modified_gmt":"2025-09-26T11:43:43","slug":"fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/","title":{"rendered":"Fitch confirmed the Ipoteka bank rating at BB level with a \u201cStable\u201d outlook"},"content":{"rendered":"<p><strong>Why is this important<\/strong><\/p>\n<p>The approval of the BB rating with a stable outlook is a sign of confidence from the agency, especially against the backdrop of recent loan write-offs and financial difficulties faced by the bank.<\/p>\n<p><strong>What happened<\/strong><\/p>\n<ul>\n<li>The IDR rating of Ipoteka bank has been confirmed at the level of BB, the forecast is \u201cStable\u201d.<\/li>\n<li>Support Rating (SSR) at \u201cbb\u201d level and Viability Rating (VR) at \u201cb\u201d level were also confirmed.<\/li>\n<li>Fitch <a href=\"https:\/\/www.fitchratings.com\/research\/banks\/fitch-affirms-ipoteka-bank-at-bb-outlook-stable-24-09-2025\">indicates<\/a> that a significant portion of the rating buffer is provided by possible support from the parent group \u2014 the Hungarian OTP Bank Plc.<\/li>\n<li>Ipoteka bank accounts for about 22% of the mortgage lending market in Uzbekistan (as of the first half of 2025).<\/li>\n<li>NPL (problem loans) at the end of 2024 was about 21% (2023 \u2014 19%). Fitch expects them to decrease to 15% by 2026. <\/li>\n<li>In 2024, the <strong>bank showed<\/strong> a profit of <strong>1.3 trillion soums<\/strong> with a return on equity of 23%.<\/li>\n<li>The fixed capital ratio (FCC) reached 12% by the end of 2024, and the forecast estimates growth to exceed 14% in 2025-2026.<\/li>\n<li>Earlier, Ipoteka bank shareholders <a href=\"https:\/\/frank.uz\/en\/news-en\/ipoteka-bank-wrote-off-problem-loans-amounting-to-174-8-billion-soums\/?utm_source=chatgpt.com\">approved<\/a> the write-off of <strong>174.8 billion soums<\/strong> (11.8 million euros) in problem loans from the Parvoz Xumo Ravnaq Trans group of textile companies and related structures.<\/li>\n<li>The total amount of the group&#8217;s <a href=\"https:\/\/frank.uz\/en\/news-en\/ipoteka-bank-wrote-off-problem-loans-amounting-to-174-8-billion-soums\/?utm_source=chatgpt.com\">written-off debts<\/a> reached 333 billion soums.<\/li>\n<li>Based on the results of the first half of 2025, Ipoteka bank recorded a loss of 392.5 billion soums, <a href=\"https:\/\/frank.uz\/en\/news-en\/ipoteka-bank-wrote-off-problem-loans-amounting-to-174-8-billion-soums\/?utm_source=chatgpt.com\">becoming<\/a> <strong>the most unprofitable bank among its competitors<\/strong>.<\/li>\n<\/ul>\n<p><strong>What they say<\/strong><\/p>\n<blockquote><p>Ipoteka-bank&#8217;s ratings are supported by the high potential of support from OTP, but are limited by the framework of Uzbekistan&#8217;s&#8217;sovereign ceiling, \u2014 Fitch notes.<\/p><\/blockquote>\n<p>Frank.uz previously <a href=\"https:\/\/frank.uz\/en\/news-en\/ipoteka-bank-wrote-off-problem-loans-amounting-to-174-8-billion-soums\/?utm_source=chatgpt.com\">wrote<\/a> that the write-off of Parvoz Xumo Ravnaq Trans loans is a large-scale operation that will increase the burden on the bank&#8217;s internal balance sheet, but also demonstrates the willingness of the bank&#8217;s new owners to clean up the problematic portfolio.<\/p>\n<p><strong>Context<\/strong><\/p>\n<p>Ipoteka bank is one of the key players in the Uzbekistan mortgage market, with a strong niche in housing lending. In June 2023, the bank became part of the OTP Group: the Hungarian OTP acquired a controlling stake. <\/p>\n<p>Uzbekistan&#8217;s banking system is being strengthened by regulation, increased oversight, and improved corporate governance \u2014 this is a general trend that great players capable of withstanding shocks benefit from. Fitch&#8217;s recognition adds rating stability, but risks remain \u2014 a high NPL share, the need to retain capital, and the potential for further write-offs. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings confirmed Ipoteka bank&#8217;s long-term default ratings in both foreign and national currencies at BB, leaving the \u201cStable\u201d forecast.<\/p>\n","protected":false},"author":4,"featured_media":8331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sharing_image":{"poster":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/09\/68d67fc823fcb.jpg","width":1200,"height":630,"template":"2bf59057","mode":"auto"},"_sharing_image_fieldset":{"Dv78f24rp1hU":8331,"YlB8HH34jIzY":"Fitch confirmed the Ipoteka bank rating at BB level with a \u201cStable\u201d outlook"},"pin_until":"","footnotes":""},"categories":[2061],"tags":[2212,2079,2947,2964,2960,2965],"class_list":["post-10032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-banks","tag-finance","tag-fitch-en","tag-ipoteka-bank-en-2","tag-npl-en","tag-otp-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 confirmed the Ipoteka bank rating at BB level with a \u201cStable\u201d outlook &#8212; Frank.uz<\/title>\n<meta name=\"description\" content=\"Fitch Ratings confirmed Ipoteka bank&#039;s long-term default ratings in both foreign and national currencies at BB, leaving the \u201cStable\u201d forecast.\" \/>\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-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fitch confirmed the Ipoteka bank rating at BB level with a \u201cStable\u201d outlook\" \/>\n<meta property=\"og:description\" content=\"Fitch Ratings confirmed Ipoteka bank&#039;s long-term default ratings in both foreign and national currencies at BB, leaving the \u201cStable\u201d forecast.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/\" \/>\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=\"2025-09-26T11:43:43+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=\"2 minutes\" \/>\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-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/\",\"url\":\"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/\",\"name\":\"Fitch confirmed the Ipoteka bank rating at BB level with a \u201cStable\u201d outlook &#8212; Frank.uz\",\"isPartOf\":{\"@id\":\"https:\/\/frank.uz\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/frank.uz\/wp-content\/uploads\/2025\/08\/bez-imeni-1-28-600x400-1.jpg\",\"datePublished\":\"2025-09-26T11:43:43+00:00\",\"author\":{\"@id\":\"https:\/\/frank.uz\/en\/#\/schema\/person\/ef76c06f7f97345c76ba878b2a9bee67\"},\"description\":\"Fitch Ratings confirmed Ipoteka bank's long-term default ratings in both foreign and national currencies at BB, leaving the \u201cStable\u201d forecast.\",\"breadcrumb\":{\"@id\":\"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/#primaryimage\",\"url\":\"https:\/\/frank.uz\/wp-content\/uploads\/2025\/08\/bez-imeni-1-28-600x400-1.jpg\",\"contentUrl\":\"https:\/\/frank.uz\/wp-content\/uploads\/2025\/08\/bez-imeni-1-28-600x400-1.jpg\",\"width\":600,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/frank.uz\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fitch confirmed the Ipoteka bank rating at BB level with a \u201cStable\u201d outlook\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/frank.uz\/en\/#website\",\"url\":\"https:\/\/frank.uz\/en\/\",\"name\":\"Frank.uz\",\"description\":\"\u0414\u0435\u043d\u044c\u0433\u0438. \u0411\u0438\u0437\u043d\u0435\u0441. \u0412\u043b\u0430\u0441\u0442\u044c.\",\"alternateName\":\"\u0414\u0435\u043b\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0423\u0437\u0431\u0435\u043a\u0438\u0441\u0442\u0430\u043d\u0430\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/frank.uz\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/frank.uz\/en\/#\/schema\/person\/ef76c06f7f97345c76ba878b2a9bee67\",\"name\":\"Azamat\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/frank.uz\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d243bbe6aa31efeab6988fe2306a2e5b6dcf75c26624d1771654002e7e919c16?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d243bbe6aa31efeab6988fe2306a2e5b6dcf75c26624d1771654002e7e919c16?s=96&d=mm&r=g\",\"caption\":\"Azamat\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Fitch confirmed the Ipoteka bank rating at BB level with a \u201cStable\u201d outlook &#8212; Frank.uz","description":"Fitch Ratings confirmed Ipoteka bank's long-term default ratings in both foreign and national currencies at BB, leaving the \u201cStable\u201d forecast.","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-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/","og_locale":"en_US","og_type":"article","og_title":"Fitch confirmed the Ipoteka bank rating at BB level with a \u201cStable\u201d outlook","og_description":"Fitch Ratings confirmed Ipoteka bank's long-term default ratings in both foreign and national currencies at BB, leaving the \u201cStable\u201d forecast.","og_url":"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/","og_site_name":"Frank.uz","article_publisher":"https:\/\/www.facebook.com\/FrankUzbekistan","article_published_time":"2025-09-26T11:43:43+00:00","author":"Azamat","twitter_card":"summary_large_image","twitter_creator":"@frank_uzb","twitter_site":"@frank_uzb","twitter_misc":{"Written by":"Azamat","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/","url":"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/","name":"Fitch confirmed the Ipoteka bank rating at BB level with a \u201cStable\u201d outlook &#8212; Frank.uz","isPartOf":{"@id":"https:\/\/frank.uz\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/#primaryimage"},"image":{"@id":"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/#primaryimage"},"thumbnailUrl":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/08\/bez-imeni-1-28-600x400-1.jpg","datePublished":"2025-09-26T11:43:43+00:00","author":{"@id":"https:\/\/frank.uz\/en\/#\/schema\/person\/ef76c06f7f97345c76ba878b2a9bee67"},"description":"Fitch Ratings confirmed Ipoteka bank's long-term default ratings in both foreign and national currencies at BB, leaving the \u201cStable\u201d forecast.","breadcrumb":{"@id":"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/#primaryimage","url":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/08\/bez-imeni-1-28-600x400-1.jpg","contentUrl":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/08\/bez-imeni-1-28-600x400-1.jpg","width":600,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/frank.uz\/en\/news-en\/fitch-confirmed-the-ipoteka-bank-rating-at-bb-level-with-a-stable-outlook\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/frank.uz\/en\/"},{"@type":"ListItem","position":2,"name":"Fitch confirmed the Ipoteka bank rating at BB level with a \u201cStable\u201d outlook"}]},{"@type":"WebSite","@id":"https:\/\/frank.uz\/en\/#website","url":"https:\/\/frank.uz\/en\/","name":"Frank.uz","description":"\u0414\u0435\u043d\u044c\u0433\u0438. \u0411\u0438\u0437\u043d\u0435\u0441. \u0412\u043b\u0430\u0441\u0442\u044c.","alternateName":"\u0414\u0435\u043b\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0423\u0437\u0431\u0435\u043a\u0438\u0441\u0442\u0430\u043d\u0430","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/frank.uz\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/frank.uz\/en\/#\/schema\/person\/ef76c06f7f97345c76ba878b2a9bee67","name":"Azamat","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/frank.uz\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d243bbe6aa31efeab6988fe2306a2e5b6dcf75c26624d1771654002e7e919c16?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d243bbe6aa31efeab6988fe2306a2e5b6dcf75c26624d1771654002e7e919c16?s=96&d=mm&r=g","caption":"Azamat"}}]}},"_links":{"self":[{"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/posts\/10032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/comments?post=10032"}],"version-history":[{"count":0,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/posts\/10032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/media\/8331"}],"wp:attachment":[{"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/media?parent=10032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/categories?post=10032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frank.uz\/en\/wp-json\/wp\/v2\/tags?post=10032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}