Burgan Bank Turkey – Ratings Affirmed with a Stable Outlook

5 December 2025

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Burgan Bank Turkey (BBT or the Bank) at ‘BB-’ and ‘B’, respectively. At the same time, CI Ratings has affirmed BBT’s Bank Standalone Rating (BSR) of ‘b+’, Core Financial Strength (CFS) rating of ‘b+’ and Extraordinary Support Level (ESL) of High. The Outlook on the LT FCR and BSR remains Stable.

The affirmation of the ratings is based on the Bank’s resilient financial performance given the recent improvement in asset quality metrics, despite some softening of profitability metrics and capital ratios. The BSR and CFS rating are supported by the strong parentage, sound capital ratios despite some recent moderation and the high Tier 2 component, generally good profitability (despite softening in recent periods due to rising costs and provisioning charges), as well…