Expressbank Board Chairman Ilham Habibullayev: "The result of Fitch Ratings is a clear and independent indicator of our clients' trust".
The international rating agency Fitch Ratings has once again confirmed the rating of one of the leading banks of Azerbaijan OJSC Expressbank at level “B” with a stable outlook. This rating demonstrates a healthy position of the Bank in the current market conditions.
In studies of the International Rating Agency reported an even greater improvement in the overall and financial performance of the bank. The article emphasizes that Expressbank has a reliable capital buffer, limited currency risk and convenient 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'
Despite the variable economic challenges in recent years, the Fitch Ratings Expressbank rating remained unchanged. This again indicates the financial stability of the bank.
According to the Chairman of the Board of Expressbank, Ilham Gabibullayev, the financial performance of Expressbank, which is a reliable partner for its customers, was quite successful, given the changing economic challenges, and this was again reflected in the rating confirmed by an international agency.
“The results of the study of the rating agency Fitch Ratings were expected. Ongoing active work towards supporting sustainable financial stability contributed to the emergence of such results. The results of the Fitch Ratings report are a clear and independent indicator of our customers' trust. The successful financial policy of the Bank creates good conditions to continue to offer our customers various types of banking products and services. ”
Expressbank, which offers a wide range of financial services and products in both retail and corporate areas, is represented by a network of 15 branches located throughout the country. Customers can obtain more detailed information about the bank’s services at the Bank’s Contact Center at 132, on the bank’s official website www.expressbank.az, and on the bank’s official social media pages.
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