We received a Baa3 Counterparty Risk and Ba2 deposit rating from Moody’s
We received an investment rating, reflecting Counterparty Risk – Baa3, and Ba2/NP long- and short-term deposit rating from Moody’s Investors Service (Moody’s).
At the same time, the rating agency has assigned Baa3(cr)/P-3(cr) long- and short-term Counterparty Risk (CR) Assessments and ba3 Baseline Credit Assessment (BCA).
According to Moody’s – “tbi bank’s tangible common equity-to-risk-weighted assets ratio stood at 27.0% as of the end of 2022, sufficient to absorb sizeable unexpected losses. The bank also benefits from strong internal capital generation and earnings retention that balances ambitious growth targets and the more limited access to capital compared to publicly listed banks.”
The agency also states in its report that the stable outlook on the long-term deposit ratings reflects its expectation that the bank’s performance and financial profile will remain broadly stable.
[quoteblock content=”We are proud to receive rating from a world-renowned agency like Moody’s, reflecting our strong profitability, secure deposit base and the perspective of stable growth. This assessment further cements our position as a trusted and reliable financial institution, reinforcing our commitment to continue providing innovative lending and savings solutions for our customers on all markets.” author=”Lukas Tursa” author_position=”Executive Director, Funding” author_avatar=”https://tbibank.com/wp-content/uploads/2023/09/Lukas-Tursa-1-2-1200×799.jpg” section_id=””][/quoteblock]For more information on Moody’s announcement click here.
