The Fitch International Rating Agency revised the ratings of the Bank ABV. The agency increased the long-term rating of the default of the bank issuer from the level of the BB- and defined the forecast as “stabil”. The full closure of the open currency position of the bank played the main role in increasing the rating by two steps.
Fitch experts said that the current stability rating (VR) ABV reflects the stable financial situation of the bank and indicates a stable balance sheet structure. An important role here is played by the fact that ABV is a state bank. The structure of ABV assets is distinguished by excellent quality, profitability and high liquidity in comparison with the average indicators in this industry. The agency praised the bank’s profitable position, which was affected by the positive opinions about the quality of assets, the stability of capital. The compliance of the bank’s performance indicators of regulatory requirements was also noted.
Information about modern, useful, universal products and services of ABV can be obtained in branches and branches of the bank, on the official website https://abb-bank.az/, calling the short number 937, as well as on The official page of the bank on Facebook.