Fitch Ratings affirms DemirBank’s B rating with stable outlook

Baku: The international rating agency Fitch Ratings has confirmed DemirBank’s B rating with stable outlook.

Bank told APA-Economics that it has increased its market share on business loans compared to a year earlier and Fitch Ratings appreciated bank’s asset quality.

Demirbank’s ratings are among the highest ratings of local banks.

Demirbank’s shareholders are EBRD (25%+1 share) and FMO (10%).


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