Turkiye Cumhuriyeti Ziraat Bankasi – Ratings Affirmed

Ref: TR0 312 3 CRA00-01 9 May 2024

Turkiye Cumhuriyeti Ziraat Bankasi – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Ratings ( LT FCR ) and Short-Term Foreign Currency Ratings (S T FCR ) of Turkiye Cumhuriyeti Ziraat Bankasi (TCZB) at ‘B’ and ‘B’ , respectively . At the same time, CI Ratings has affirmed TCZB’s B ank Standalone Rating (B SR ) of ‘b ’ , Core Financial Strength ( CFS ) rating of ‘bb’ , and Extraordinary Support Level ( ESL ) of Moderate. The Outlook for the LT FCR and BSR remains Stable.

The affirmation of the BSR (and CFS) reflects the resilience of the Bank’s financial performance – despite the challenging operating environment – and is supported by TCZB’s leading market position as the largest financial institution by consolidated…