{"id":11099,"date":"2025-10-16T15:20:05","date_gmt":"2025-10-16T10:20:05","guid":{"rendered":"https:\/\/frank.uz\/bez-kategorii\/anor-banks-profit-increased-by-135-but-fitch-worsened-its-rating-forecast\/"},"modified":"2025-10-16T15:20:05","modified_gmt":"2025-10-16T10:20:05","slug":"anor-banks-profit-increased-by-135-but-fitch-worsened-its-rating-forecast","status":"publish","type":"post","link":"https:\/\/frank.uz\/en\/news-en\/anor-banks-profit-increased-by-135-but-fitch-worsened-its-rating-forecast\/","title":{"rendered":"Anor Bank&#8217;s profit increased by 135%, but Fitch worsened its rating forecast."},"content":{"rendered":"<p><strong>Why is this important<\/strong><\/p>\n<p>Despite the aggressive growth of profits and loan portfolio, international analysts note increased risks \u2014 a deterioration in Fitch&#8217;s forecast could make it difficult to attract external financing and signal structural vulnerabilities.<\/p>\n<p><strong>What happened<\/strong><\/p>\n<ul>\n<li>Net profit: <strong>235.9 billion soums<\/strong> (+134.6%);<\/li>\n<li>Interest income: increased from 1.0 trillion to <strong>2.3 trillion soums<\/strong> (+120.9%);<\/li>\n<li>Loan portfolio: increased from 5.9 trillion to <strong>8.8 trillion soums<\/strong>;<\/li>\n<li>The share of non-performing loans (NPL): increased from <strong>2.5% to 4.3%<\/strong>;<\/li>\n<li><strong>Fitch Ratings:<\/strong> lowered the issuer&#8217;s long-term default rating (IDR) forecast to <strong>\u201cNegative\u201d<\/strong>, keeping the rating itself at <strong>B\u2010<\/strong>;<\/li>\n<li>This rating level is one step higher than <strong>CCC+<\/strong>, where an increased probability of default is recorded.<\/li>\n<\/ul>\n<p><strong>Context<\/strong><\/p>\n<p>The private banking market in Uzbekistan is actively growing, but is accompanied by risks: growth of NPL, macroeconomic volatility, and liquidity pressure. The worsening Fitch forecast reflects investors&#8217; concerns about the sustainability of individual participants. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the results of 9 months of 2025, Anor Bank&#8217;s net profit amounted to 235.9 billion soums compared to the previous year. The main growth was provided by interest income, which doubled. <\/p>\n","protected":false},"author":4,"featured_media":10608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sharing_image":{"poster":"https:\/\/frank.uz\/wp-content\/uploads\/2025\/10\/68f0c9e093d82.jpg","width":1200,"height":630,"template":"2bf59057","mode":"auto"},"_sharing_image_fieldset":{"Dv78f24rp1hU":10608,"YlB8HH34jIzY":"Anor Bank&#8217;s profit increased by 135%, but Fitch worsened its rating forecast."},"pin_until":"","footnotes":""},"categories":[2061],"tags":[2949,2212,2079,2947,3257],"class_list":["post-11099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-anor-bank-en","tag-banks","tag-finance","tag-fitch-en","tag-risks"],"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>Anor Bank&#039;s profit increased by 135%, but Fitch worsened its rating forecast. &#8212; Frank.uz<\/title>\n<meta name=\"description\" content=\"According to the results of 9 months of 2025, Anor Bank&#039;s net profit amounted to 235.9 billion soums compared to the previous year. 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