Kapital Bank received the highest rating among the country's banks

The outlook on the bank's ratings has changed to positive from negative.

The international rating agency Moody's Investor Service confirmed the rating of Kapital Bank following the results of the next assessment. This rating is the highest among the country's banks.

The agency affirmed the bank's Baseline Credit Assessment (BCA) and Adjusted BCA at b1 and the local and foreign currency long-term bank deposit ratings at Ba3. The outlook on the bank's ratings has changed to positive from negative. The agency's report says that this change reflects the expected improvement of the bank's standalone credit profile in the next 12-18 months.

“The affirmation of the bank's BCA and Adjusted BCA at b1 and the local and foreign currency long-term bank deposit ratings at Ba3 reflects healthy performance of the loan book as well as strong net profit and capital cushion. As of year-end 2020 the share of problem loans accounted for 3.3% of gross loans (year-end 2019: 4.6%). Consistently solid capitalisation with TCE/ RWA of 22.3% at year-end 2020, and strong bottom-line profitability enable the bank to absorb expected losses and pay out dividends as in previous years”, - is said in the report.

Moody's also notes that for a number of years Kapital Bank's loan book has been of better quality than that of its peers.

Kapital Bank, the country's first bank, is part of PASHA Holding. Kapital Bank has the largest service network in Azerbaijan with 102 branches and 19 departments all over the country. For more detailed information about the Bank’s products and services, please refer to www.kapitalbank.az website, 196 Call Centre or the Bank’s various social network pages.