Turkiye Cumhuriyeti Ziraat Bankasi’s Ratings Affirmed , with a Stable Outlook

Ref: TR0 3120 CRA00-01 23 June 2021

Turkiye Cumhuriyeti Ziraat Bankasi’s Ratings Affirmed , with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affi rmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Tu rk iye Cumhuriyeti Ziraat Bankasi (TCZB) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed TCZB’s Bank Standalone Rating (BSR) of ‘b+’ and Core Financial Strength (CFS) rating of ‘bb’. The Outlook for the LT FCR and BSR remains Stable.

The affirmation of the BSR and CFS rat ing is due to the resilience of the Bank’s financial performance despite the challenging operating environment. The ratings are supported by TCZB’s leading market position as the largest financial institution in Turkey by consolidated as sets . Other supports include its…