Octobank reported a record net profit of 108.5 billion UZS in Q1 2024, nearly matching its total profit for the entire year of 2024. The bank's assets grew by 42.4%, and its capital increased by 74.3%, highlighting substantial financial growth. Additionally, Octobank received ratings from Moody's (B3) and S&P Global Ratings (B-), both with stable outlooks, indicating strong financial indicators and business stability. These ratings are expected to enhance Octobank's international partnerships and support its ambitious plans for new product launches.
This is Octobank's first international rating - and we see that our bank's development course is chosen correctly. The Moody's rating will help us build even more stable relationships with international partners.
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