The international rating agency “Fitch Ratings” once again confirmed the high rating of OJSC “Expressbank”, which is one of the leading banks of Azerbaijan. Thus, evaluating banks on such important indicators as the economic environment, the dynamics and quality of the client portfolio, the prospects for growth, transparency, profitability, etc., the Fitch Ratings Agency highly appreciates the business strategy, successful policies, stable financial indicators of JSC ” ExpressBank, “confirmed the bank rating at the level” in “with a” stable “forecast.
This indicator reflecting high capital, the position of liquidity and the stable financial condition of the bank, is considered one of the highest results among local banks.
Despite the influence of the non-traditional market environment generated by a pandemic, to the country’s economy, maintaining an influential international rating agency of an unchanged high rating of the bank, is an indicator of a healthy position and financial sustainability of the bank.
Bank’s capital stability has a strong impact on determining the rating. Thus, the main capital of the bank is 49% of assets, assessed with risks, according to the relevant methodology (Fitch Core Capital) “Fitch Ratings”.
Confirmed ratings are specified in the following form:
Long term rating of the default issuer at the level “in” forecast “stable”
Short-term default rating at “in”
This forecast of the Fitch Ratings agency reflects the potential for payment of possible risks, given the quality of assets, the adequacy of capital of JSC “ExpressBank”.
OJSC “ExpressBank”, which took the basis of transparent financial cooperation and customer needs, constantly implementing all new projects and campaigns, always attaches special importance to customer satisfaction.
Detailed information about banking products and services can be obtained by visiting the official website of the bank https://www.expressbank.az/ or by calling the information center 132.