Standard & Poor’s increases rating of Kapital Bank

Standard & Poor’s increases rating of Kapital Bank
  • Clock-gray 12:11
  • calendar-gray 24 June 2019

Standard & Poor’s, international rating agency has increased the rating of Kapital Bank from “stable” forecast to “positive” and approved at the level of “BB-/B” as a result of evaluation, APA reports citing Kapital Bank.

This rating is considered as one of the highest indicators among banks of the country.

Capital ratio of the Bank where RAC (Risk-Adjusted Capital) risks also foreseen is expected to remain at the level of 7,8-8% in the next 12-18 months. Agency stated that actives of Kapital Bank is more qualitative than others and express that according to the information for 2018, problem credits is decreased by 4,6% in comparison with the last year.

Huseyn Veliyev

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