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Confidence in Access Bank Grows
Long-term Issuer Default Rating (IDR) of Access Bank (Azerbaijan) in foreign currency increased from the level BB + to the level BBB- with the rating outlook "stable".
According to the report on the website of Fitch Ratings, the short-term IDR upgraded to F3 with rated sustainability affirmed at bb- and improved support rating of 2.
The press release states that the improvement of parameters reflects the estimate of the probability of support that the bank may receive from its major shareholders - international financial institutions. Moreover, by July 1, the share of non-performing loans of the bank was only 0.2% of the total loan portfolio.
Access Bank shareholders are the European Bank for Reconstruction and Development, International Finance Corporation, the Black Sea Trade and Development Bank, German KfW, Access Holding, and LFS Financial Systems GmbH. --17D-
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- 11 December 2014 15:27
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