Bank Of Baku

Fitch Ratings affirms DemirBank’s B rating with stable outlook

Fitch Ratings affirms DemirBank’s B rating with stable outlook
# 06 November 2015 14:16 (UTC +04:00)

Baku. Yegane Lachinzade – APA-Economics. The international rating agency Fitch Ratings has confirmed DemirBank’s B rating with stable outlook.

 

Bank told APA-Economics that it has increased its market share on business loans compared to a year earlier and Fitch Ratings appreciated bank’s asset quality.

 

 Demirbank’s ratings are among the highest ratings of local banks.

 

Demirbank’s shareholders are EBRD (25%+1 share) and FMO (10%).

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