On September 18, 2025, the international rating agency Fitch Ratings affirmed the long-term rating of Expressbank OJSC at “B+” with a “Stable” outlook.
The main factors influencing the rating include Expressbank’s solid financial indicators, asset quality and high capital levels, as well as limited pricing power and high funding costs.
According to the report, Expressbank’s capital adequacy ratio stands at 23% and is expected to remain above 20% under the baseline scenario in 2025–2026. The share of non-performing loans in the credit portfolio amounts to only 1.2%.
Fitch also highlighted that the dominance of the national currency in the loan portfolio minimizes dollarization risks.
The agency outlined factors that could have both positive and negative effects on the Bank’s rating. If sustainable profitability is maintained alongside high asset quality and capitalization, an upgrade of the Bank’s rating is possible.
It is also noted that the Bank’s lending activities are carried out in line with international risk management standards. Unsecured loans are carefully assessed based on customers’ needs, and risks are fully monitored.
The Bank’s deposit policy prioritizes clients’ interests, ensuring that deposit products are offered under competitive terms and are regularly updated in line with market trends.
With transparency and customer trust as priorities, Expressbank aims to continue its sustainable growth path in the coming years. Its stable business model, prudent risk management, and strong capital base play a crucial role in maintaining financial resilience.
Expressbank OJSC operates under license No. 119 issued on December 30, 1992, by the Central Bank of Azerbaijan. Address: 134C Y.V. Chemenzeminli Street, Baku.
