BAKU, Azerbaijan, August 26. Moody’s Ratings
has affirmed Kazakhstan's Eurasian Bank’s long-term local and
foreign-currency deposit ratings at Ba2 and revised the outlook
from negative to stable, the bank said.
"The affirmation of the ratings reflects, according to Moody’s,
the bank’s strong capitalization, substantial liquidity buffer and
improving asset quality. In particular, in 2025, Eurasian Bank
continued efforts to improve its loan portfolio and dispose of
non-performing assets. As a result, the share of non-performing
loans decreased to 10.2% at the end of 2025, compared with 15.8% a
year earlier", the Kazakh bank said.
The bank’s capitalization also remained strong, with its
tangible common equity to risk-weighted assets ratio rising to
20.1% at the end of March 2026, compared with 19.7% in December
2025.
Moody’s highlighted the bank’s substantial liquidity buffer as
another key strength, providing additional resilience amid changes
in market conditions and the deposit base.
"Moody’s outlook revision to stable is an important validation
of the Bank’s consistent efforts to strengthen its financial
resilience. Asset quality, capital adequacy, and maintaining
comfortable liquidity levels remain our top priorities," said
Lyazzat Satiyeva, CEO of Eurasian Bank.
The stable outlook reflects Moody’s expectation that Eurasian
Bank’s key financial metrics, including asset quality,
capitalization and liquidity, will remain broadly stable over the
next 12-18 months.
At the same time, Moody’s sees potential for a further rating
upgrade if the bank demonstrates sustained improvement in asset
quality, a further reduction in non-performing loans and stronger
profitability.
