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Fitch: Pojseb Trustbank B-, B
Fitch Ratings said it assigned Pojseb Trustbank a long-term foreign-currency issuer default rating of B- and short-term foreign-currency issuer default rating at B.
The outlook is stable.
The ratings reflect its narrow franchise and significant concentrations on both sides of the balance sheet, particularly reflected in reliance on funds provided by the Uzbek commodities exchange, Fitch said.
The ratings also factor in Uzbekistan's financial and other business risks, the agency said.
The ratings also consider the bank's track record of successful liquidity management and the bank's limited credit risk exposure through its loan portfolio, Fitch said.
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