12.02.2010, 09:04
Fitch Estimated AGBank Rating as Stable
OREANDA-NEWS. February 12, 2010. The international rating agency Fitch has changed the forecast for "AGBank" on a rating with negative to the stable. This forecast reflects potential of repayment of possible risks taking into account quality of actives of Bank, reported the press-centre of AGBank.
At the same time, according to this forecast, low level of dependence of Bank from an external debt is marked. Thus, after timely repaid by Bank taken on itself in 2009 of obligations on large debts, on the beginning of current year the share of an external debt of Bank makes only 8 % from all obligations.
Besides, Fitch marks increase in volume of time contributions of physical persons and increase in the general market share of Bank in this sector for the accounting period. Considering all aforesaid, the international rating agency Fitch has replaced the rating forecast "AGBank" with "negative" on "stable" and has confirmed as a result the general rating of Bank at level B-/stable/B.
Let's remind that within 2009 Bank assets, having increased more than by 13 %, have reached almost 240 million AZN. Credit portfolio of Bank, having increased for a year by 32 million AZN, has made 188 million AZN. Volume of the time contributions involved from outside of physical persons, having increased within a year by 31 %, has made on the 2009 82 million AZN of the year-end.
At the same time, according to this forecast, low level of dependence of Bank from an external debt is marked. Thus, after timely repaid by Bank taken on itself in 2009 of obligations on large debts, on the beginning of current year the share of an external debt of Bank makes only 8 % from all obligations.
Besides, Fitch marks increase in volume of time contributions of physical persons and increase in the general market share of Bank in this sector for the accounting period. Considering all aforesaid, the international rating agency Fitch has replaced the rating forecast "AGBank" with "negative" on "stable" and has confirmed as a result the general rating of Bank at level B-/stable/B.
Let's remind that within 2009 Bank assets, having increased more than by 13 %, have reached almost 240 million AZN. Credit portfolio of Bank, having increased for a year by 32 million AZN, has made 188 million AZN. Volume of the time contributions involved from outside of physical persons, having increased within a year by 31 %, has made on the 2009 82 million AZN of the year-end.
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