Ref: TR0 96 20 CRA00-1 5 January 20 2 2
Türkiye Finans Katilim Bankasi’s Ratings Affirmed
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong-Term Foreign Currency Rating (L T FCR ) and S hort-Term Foreign Currency Rating (S T FCR ) of Turkiye Finans Katilim Bankasi A.S. (TFKB) at ‘B+’ and ‘B’ , respectively. At the same time, CI Ratings has affirmed TFKB’s Bank Standalone Rating ( BSR ) of ‘b-’ and C ore Financial Strength (C FS ) rating of ‘b+’. The Outlook for the LT FCR and BSR remains Negative.
The affirmation of the ratings is mainly due to the Bank’s supportive and financially strong shareholder, as well as our assessment of TFKB’s sound and innovative franchise as the second-largest participation bank in Turkey – something which has enabled the Bank to grow its deposit base substantially and, in turn, reduce its reliance on potentially…