2024-07-15 11:24:07
The international rating agency Moody’s has updated the ratings of Bank ABB. The agency has raised the rating of the Bank’s long-term deposits in national and foreign currencies from Ba3 to Ba2. The Bank’s credit ratings (BCA) and adjusted credit rating (Adjusted BCA) have also been raised by one notch – from B1 to Ba3. The outlook for the rating of Bank ABB has been confirmed as “Positive”.
The rating upgrade is justified by the Bank’s improved asset quality, high profitability, strong capital position and high asset liquidity. In addition, limited risks and a minimal share of problem loans contribute to the positive assessment. The fact that ABB Bank is a state-owned bank also plays an important role in the agency’s experts’ positive opinion of the Bank’s future.
According to Moody’s, ABB Bank will continue to benefit from new economic opportunities, favorable business conditions and existing potential in the country. This will have a positive impact on the Bank’s strong profitability and asset quality.
Information about modern, useful and versatile products and services of ABB Bank can be obtained at the Bank’s branches and offices, on the official website or at the Information Center by calling 937, as well as on the official Facebook page.