QNB Finansbank ’s Ratings Affirmed
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Summary
Ref: TR0 12 2 2 CRA00- 0 1 25 August 2023
QNB Finansbank ’s Ratings Affirmed
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 QNB Finansbank (QNBF) at ‘B’ and ‘B’, respectively. At the same time, CI Ratings has affirmed QNBF’s Bank Standalone Rating ( BSR ) of ‘b’ with a Negative Outlook, Core Financial Strength ( CFS ) rating of ‘bb-’, and Extraordinary Support Level ( ESL ) of High. The Outlook for the LT FCR remains Stable.
The affirmation of the ratings is supported by QNBF’s solid and well-established franchise as the ninth largest bank in Turkiye, its resilient net profitability , good access to international capital markets and sound liquidity.
QNBF’s BSR is derived from a CFS rating of ‘bb-’, reflecting the Bank’s…