Fitch Ratings agency, which is among the top three world rating agencies, has confirmed the rating of Azerbaijani Expressbank at level “B” with a “Stable” outlook.
The rating given to Expressbank once more confirms the stability of the quality of the bank’s assets, capital reserves, the reduced impact of foreign exchange risks and sufficient liquidity.
Approved ratings are as follows:
Long-Term IDR: affirmed at 'B', Outlook Stable
Short-Term IDR: affirmed at 'B'
Viability Rating: affirmed at 'b'
Support Rating: affirmed at '5'
Support Rating Floor: affirmed at 'No Floor'
Expressbank is one of the leading banks in the country with high-quality services and a service network of 16 branches.
