Aiyl Bank OJSC

This report does not constitute a rating action. Overview Key strengths Key risks Strong domestic competitive position with established footprint in commercial business and public projects. Challenging operating environment and intensifying competition in the Kyrgyz banking sector. Stable depositor base and high liquidity cushion. High geographic and business concentration in Kyrgyzstan. The stable outlook on Aiyl Bank mirrors that on the sovereign and reflects our view that adequate capital buffers and strong links with the government will help the bank maintain its creditworthiness over the next 12 months. We could lower the ratings on Aiyl Bank over the next 12 months if we were to lower our sovereign credit ratings on Kyrgyzstan. Although we currently consider that the likelihood of

...The stable outlook on Aiyl Bank mirrors that on the sovereign and reflects our view that adequate capital buffers and strong links with the government will help the bank maintain its creditworthiness over the next 12 months....

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