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On 19 August 2020, Fitch Ratings assigned National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) ratings, including a Long-Term Issuer Default Rating (IDR) of “BB-” with a Stable Outlook.Experts of Fitch Ratings note NBU’s high systemic importance, as reflected in its largest share of banking-system assets and significant state support, the strategic role of the bank in financing Uzbekistan’s long-term infrastructure and development projects, its strong client base, asset quality and good capitalization.
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