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The international rating company Fitch Ratings gave ProCredit Bank a long-term credit rating of foreign and local currency BB+ |
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Macedonia -
Business
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Monday, 26 October 2009 15:29 |
 The rating is based on the Fitch Ratings findings that the Bank will receive potential support from its shareholders if it is needed, the official notification said.
This success is due to the positive business performance of the bank including the quality of the assets, which is stronger than the other banks operating in the market, the high degree of liquidity, diversification of the deposit base, the quality of loan portfolio and the relatively low level of delayed loans compared to the level of the banking sector.
ProCredit Bank is the first bank in Macedonia that assigned ratings from Fitch Ratings in 2005 and the only bank in Macedonia with the credit rating in 2009.
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