Turkiye Is Bankasi – Ratings Affirmed

Ref: TR0362 3 CRA00-01 11 September 2 02 4

Turkiye Is Bankasi – 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 Turkiye Is Bankasi (Isbank) at ‘B’ and ‘B’, respectively. At the same time, CI Ratings has affirmed Isbank’s Bank Standalone Rating ( BSR ) of ‘b’, Core Financial Strength ( CFS ) rating of ‘bb+’, and Extraordinary Support Level ( ESL ) of Uncertain. The LT FCR and BSR Outlook is maintained at Positive .

The affirmation of the ratings is driven by the Bank’s predominant position as the largest private bank and second largest financial institution in Turkiye, which is also reflected by its status as a domestic systemically important bank (D-SIB). Notwithstanding its size and importance, CI considers t he likelihood of timely and…