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.
