OREANDA-NEWS. June 09, 2009. Fitch Ratings International Rating Agency confirmed Kapital Bank’s ratings at the same level.

Kapital Bank informed that as before the long-term Issuer Default Rating (IDR) was confirmed as B+ with stable forecast, short-term IDR as “B” and individual rating as D/E.

“Kapital Bank support rating was affirmed at the level of “4”. Long-term IDR support rating was “B+”,” it was informed.

According to Fitch, Kapital Bank will keep on having a system creating meaning.

“The Bank transfers pensions and other social payments through its large national network and serves state-owned enterprises as well as regional budget accounts across the country. Fulfillment of these functions is supported by means of the largest branch network in the country. Kapital Bank’s capital position, profitability and liquidity are now adequate.” Fitch says.

Let’s note that Fitch Ratings collaborates with seven banks of Azerbaijan.