2024-06-26 09:17:08
The up to date evaluation is a key recognition for the establishment and a affirmation of its effectivity and steady monetary indicators
Postbank acquired one other key recognition for the effectivity of its enterprise exercise, after the worldwide score company Moody’s Scores (“Moody’s”) raised the long-term and short-term deposit score of the establishment to Baa2/P-2, respectively. The outlook for the long-term deposit score stays optimistic. On the identical time, the score company raised the long-term Counterparty Danger Scores (CRR) to Baa1. The up to date evaluation of the score company, which is without doubt one of the three largest on the planet, confirms the flexibility of Postbank to keep up robust monetary indicators and efficiently adapt to dynamic market situations.
Moody’s report highlights Postbank’s steady capitalization, robust recurring profitability and rising deposit base.
“This worldwide recognition is of key worth to us, as it’s proof of our onerous work and is the results of the financial institution’s sustainable growth. It displays the belief that our prospects and companions vote for us, but additionally helps as soon as once more our strategic objectives for steady progress. The primary focus for us stays innovation, the supply of a wonderful consumer expertise, along with the supply of remarkable added worth, with which we proceed to strengthen our management place as one of many main monetary establishments within the nation”, feedback Postbank.
As of the tip of 2023, Postbank experiences a Frequent Fairness Tier 1 ratio of 19.0%, with internet revenue to tangible belongings of 1.7% for the 12 months and with buyer deposits dominating its funding base and symbolize 81% of whole belongings, Moody’s report additionally mentioned. Trying forward, the score company expresses its expectations that the solvency and liquidity profile of Put up Financial institution will stay steady.
Postbank, a part of the worldwide Eurobank group, has greater than 30 years of profitable presence on the Bulgarian market. In the course of the interval, the monetary establishment strictly adopted its strategic framework to develop an ecosystem of digital and conventional banking channels and distinguished itself with its fashionable options, modern ideas and specialised services. The financial institution can be among the many most awarded in numerous nationwide and worldwide competitions, and amongst a few of its honors in 2024 are “High employer” from the worldwide impartial High Employers Institute for the second 12 months in a row, in addition to being named the very best financial institution custodian in Bulgaria from the celebrated worldwide publication for capital markets, asset administration and funding exercise International Custodian for the twelfth 12 months in a row.
Extra details about the complete vary of Postbank options might be discovered on-line at www.postbank.bg.