Fitch Ratings affirms Belarusbank at -/ with stable outlook (press release)

Fitch Ratings has affirmed the foreign currency Long-term Issuer Default Rating (IDR) of Belarusbank at “B-/B” with a Stable Outlook.

The affirmation of the bank’s Long-term IDR with Stable Outlook reflects Fitch’s expectation of support potential from the government of Belarus. This view is driven by the bank’s state ownership, high systemic importance (34% of assets, 47% of deposits), policy roles and the track record of support to date. The key role of Belarusbank in state loan programs was underlined.

In the end of H1 2014 Belarusbank’s non-performing loans were at a low level of 1.8%. The regulatory capital adequacy ratio was moderate.

Earlier this year Statnard&Poor’s affirmed Belarusbank’s long-term foreign currency rating at “B-“. The bank’s short-term local currency rating was set at “C” with a Stable Outlook.

International credit ratings are viewed as reliable independent assessment of Belarusbank’s credit profile, which has a substantial impact on the decision-making process of other financial market members. Solid ratings help cut the bank’s loan costs and make market processes easier, since the bank is regarded as a sound and solvent partner. In addition, credit ratings may serve as an efficient marketing tool which proves the bank’s transparency and helps attract investments.

Belarusbank press service

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