Turkiye Cumhuriyeti Ziraat Bankasi’s Ratings Affirmed

Ref: TR0 312 1 CRA00-01 23 June 202 2

Turkiye Cumhuriyeti Ziraat Bankasi’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 Türkiye Cumhuriyeti Ziraat Bankasi’s (TCZB) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed TCZB’s Bank Standalone Rating ( BSR ) and Core Financial Strength ( CFS ) rating of ‘b’ and ‘bb’ , respectively, and the Extraordinary Support Level (ESL) of Moderate . The Outlook for the LT FCR and BSR remains Negative.

The affirm ation of the BSR (and CFS ) is due to 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…