Yapi ve Kredi Ratings Affirmed with a Stable Outlook

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 Yapi ve Kredi Bankasi (YKB or the Bank) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed YKB’s Bank Standalone Rating (BSR) of ‘b+’, Core Financial Strength (CFS) rating of ‘bb’ and Extraordinary Support Level (ESL) of Uncertain. The Outlook on the LT FCR and BSR remains Stable.

The affirmation of the ratings is supported by the YKB’s overall satisfactory financial profile, specifically satisfactory profitability, despite weakening in 2024, steady liquidity and satisfactory asset quality – particularly full loan-loss reserve coverage. The ratings are constrained by considerable downside risk to the Bank’s loan asset quality due to a challenging operating environment, inflated capital ratios due to regulatory forbearance measures on risk-weighted assets…