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Fitch Ratings affirmed ANORBANK's long-term credit rating at “B-” with a “Stable” outlook
28.10.2024Fitch Ratings affirmed ANORBANK's long-term credit rating at “B-” with a “Stable” outlook
International rating agency Fitch Ratings has affirmed ANORBANK's long-term foreign and local currency credit rating at 'B-' with a 'Stable' outlook. Fitch also assessed our bank's Viability Rating (VR), noting it at 'b-'.
According to Fitch, ANORBANK is well positioned to maintain stable asset quality and financial performance. The agency emphasizes that this level reflects the bank's evolving business model, marked by a small but dynamically growing market share and a relatively short period of profitable operations.
“An upgrade of ANORBANK's ratings is possible if the bank significantly strengthens its market position, achieves sustained high profitability and maintains an FFC ratio above 10% for the long term. In addition, the improving economic situation in Uzbekistan may also play a positive role in strengthening the bank's creditworthiness,” the report said.
Information about ANORBANK's modern, useful and versatile products and services can be found on the bank's website, application or social media pages
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