OREANDA-NEWS. December 25, 2009. Moody's Investors Service, an international rating agency, took rating actions affecting Ipoteka-Bank. Thus, the bank's long-term foreign currency deposit rating was upgraded to B2 from B3.

The E+ BFSR and Not Prime short-term deposit ratings of Ipoteka-Bank remain unchanged; stable outlook is maintained on all of the ratings.

Moody's previous rating action on Ipoteka-Bank was on 21 May 2009 when Moody's placed their local currency deposit ratings on review for possible downgrade.

Headquartered in Tashkent, Uzbekistan, Ipoteka-Bank reported total IFRS assets of 610 billion soums (US 438 million) and net income of 13.6 billion soums (US 9.8 million) as at 31 December 2008.

The principal methodologies used in rating are Moody's "Bank Financial Strength Ratings: Global Methodology", published in February 2007, and "Incorporation of Joint-Default Analysis into Moody's Bank Ratings: A Refined Methodology", published in March 2007.