Moody’s Investor Service International rating agency, following the results of the next assessment, confirmed the Kapital Bank ratings. Kapital Bank ratings are one of the highest in the banking sector of Azerbaijan.
The agency increased the long -term deposit rating of the Kapital Bank in the national and foreign currency C BA3 to BA2, and the credit rating (BCA) – from B1 to the BA3. The forecast for the long -term deposit rating of the bank is confirmed as “stable”. The agency reported that the increase in the BCA rating indicates the high quality of the loan portfolio, a good level of profitability and liquidity of the bank.
“as of the end of 2021, the ratio of problem loans to total loans was 3.5%. The capitalization of the bank (TS/RWA indicator at the end of 2021 was 13.6%) and high profitability before the creation of reserves (profit ratio before taxation and reserves for assets balanced by the degree of risk, in 2021 amounted to 8.6%), supported by a high pure interest margin and high efficiency, create for the bank the bank’s buffers to cover possible losses on loans. The rating agency expects that liquidity will remain at a high level in the next 12-18 months, ”the report says.
Kapital Bank, the first bank of the country, is part of Paşa Holding and provides services to the population in 108 branches and 24 branches, having the widest service network in Azerbaijan. You can get more detailed information about the products and services of the bank on the website https://kapitalbank.az, the pages of the bank on social networks, as well as by calling the customer service at the number 196. To supply online applications for consumer loan: https: // // // kbl.az/krdt, for an application for an installment card Birbank: https://kbl.az/tkstcrd.