JCR Eurasia Rating reaffirms AAA (Alb) to BKT for the seventh time in a row
(Tirana, 30 June, 2015) JCR-Eurasia Rating has evaluated Banka Kombëtare Tregtare sh.a. in a high-level investment category and affirmed for the seventh time in a row its ratings on the Long Term National Scale as ‘AAA (Alb)’ along with a ‘Stable’ outlook.
AAA (Alb) stands for the highest possible evaluation within local market, showing that BKT is keeping its position as the largest bank and most reliable and financially strong bank in Albania.
JCR-ER has observed that BKT has dominated the market and operates on a large scale with an assets size market share of 24.33%, making it the largest player in Albania. As in the previous years, above sector average profitability indicators with recurrent revenue streams, improved capitalization level, broad deposits base and well above sector average growth performance are the main factors differing BKT from the Sector in a positive direction and supporting the affirmed ratings.
BKT, the largest bank in the Albanian Banking Sector based on asset size as of June, 2014, maintained its uninterrupted growth trend and was ranked as the largest bank across the sector in the principal banking fields of deposits, assets, equity and size of net profit.
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Interview for Monitor Magazine of Mr. Seyhan Pencablıgil, Chief Executive Officer and Board Member of BKT.
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