Fitch Ratings has confirmed the rating of two Azerbaijani banks, Express Bank and Ata Bank.
According to Turan, Express Bank’s rating has been confirmed at B with a stable outlook, and a long-term rating for Ata Bank has been confirmed at B- with a stable outlook and a short-term rating B.
Express Bank was founded in 1989 and operated under the name Azerneqliyyat Bank. Since 2008, the bank has continued its activities under the new name Express Bank.
Ata Bank has been operating since 1993. ------71D
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