Fitch Ratings has reviewed ABB Bank’s ratings and affirmed the Bank’s Long-Term Issuer Default Rating at BB.
ABB Bank’s Viability Rating has also been affirmed at bb. The Rating Outlook has been maintained at Positive.
According to Fitch experts, the Bank’s loan portfolio is expected to continue expanding at an appropriate pace over the medium term, while asset quality is expected to remain consistently strong.
ABB Bank’s BB Long-Term Issuer Default Rating reflects the Bank’s strong domestic market position, resilient balance sheet structure, and robust financial performance.
The Bank’s strong balance sheet structure supports the continued improvement in asset quality and high profitability, while ensuring a strong capital position and liquidity. According to the agency’s forecasts, the Bank’s operating profitability is expected to remain strong over the medium term.
The Fitch Ratings report is available here.
Information about ABB Bank’s modern, useful and universal products and services is available at the Bank’s branches and service points, on the official website https://abb-bank.az/, through the 937 Contact Centre, as well as on ABB Bank’s official corporate social media pages.