(MENAFN- Trend News Agency) The agency has confirmed Kapital Bank's rating as one of thehigh performers among the country's banks.
The agency has maintained the bank's long-term deposit rating inlocal and foreign currency at the“Ba2” level, and the BaselineCredit Assessment (BCA) of payment capability at the“Ba3” level,unchanged. The outlook for Kapital Bank's rating remains“stable”.According to the agency's report, this indicator reflects theexpected improvement in the quality of the bank's credit portfolioover the next 12-18 months.
The determination of Kapital Bank's BCA rating at the“Ba3”level and the long-term deposit rating in local and foreigncurrency at the“Ba2” level indicates the strong credit portfolioof the bank, including high profitability and capital adequacy. Asof the end of 2023, the share of problem loans in the total loanportfolio was only 2%. With a TCE/RWA ratio of 13%-14% at the endof 2023, strong capitalization and high profitability enable thebank to mitigate potential losses and continue to pay dividends ontime as in previous years," the report notes. The rating agencyalso expects the bank's liquidity to remain at a high level overthe next 12-18 months.
Kapital Bank, the country's first bank, is part of PASHAHolding. Kapital Bank has the largest service network in Azerbaijanwith 118 branches and 53 departments all over the country. For moredetailed information about the bank's products and services, pleaserefer to website, 196Call Centre or the bank's various social network pages. To applyfor a consumer loan visit , for a Birbankinstallment card visit .
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