Investbank − Ratings Affirmed; CFS Lowered

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 Investbank (IB) at ‘BB-’ and ‘B’, respectively. The LT FCR Outlook remains Stable. At the same time, CI Ratings has affirmed IB’s Bank Standalone Rating (BSR) of ‘bb-’ with a Stable Outlook and the Extraordinary Support Level (ESL) of Moderate, but lowered the Core Financial Strength (CFS) rating to ‘bb-’ (from ‘bb’).

The revision of the CFS rating reflects a gradual weakening in asset quality metrics. NPL formation which remained elevated in 2024, accelerated in Q1 25 causing the bank’s NPL ratio to rise to 8%, while loan loss reserve (LLR) coverage declined to 72%. The aforementioned notwithstanding, IB’s CFS is supported by the Bank’s sound capital buffers and flexibility, adequate operating profitability, underpinned by diversified revenue streams and effective cost…