Fitch Ratings has reviewed ABB Bank’s ratings and upgraded the Bank’s Long-Term Issuer Default Rating from BB to BB+. At the same time, ABB Bank’s Viability Rating was upgraded from bb to bb+. The rating outlook is Stable.
These are the highest ratings assigned to ABB Bank by Fitch in the past 15 years. Overall, ABB Bank currently holds the highest international ratings in the country’s financial sector.
The upgrade reflects ABB Bank’s continued strong financial profile and improved risk profile. According to Fitch experts, the Bank has a strong market position, a resilient balance-sheet structure and robust financial metrics. In the medium term, the Bank’s loan portfolio is expected to continue growing, while asset quality and profitability are projected to remain strong.
Information about ABB Bank’s modern, useful and universal products and services is available at the Bank’s branches and service offices, on its official website at https://abb-bank.az/, through the Information Centre by calling 937, and on the Bank’s official corporate social-media pages.
