JCR Eurasia Rating reaffirms AAA (Alb) to BKT for the fifth time in a row

Tirana, Albania (April 8th, 2013) – JCR Eurasia Rating has reaffirmed for the fifth time a credit rating of ‘AAA (Alb)’ along with a ‘stable’ outlook to Banka Kombetare Tregtare Sh.A. (BKT) on the long term national scale, which denotes the highest investment grade. Furthermore, JCR-ER has assigned a Long Term International Foreign and Local Currency Grade to BKT of “BB+”.

JCR Eurasia Rating is the Eurasian affiliate of Japan Credit Rating Agency, one of the most prestigious rating agencies in the world. 

AAA (Alb) stands for the highest possible evaluation within local market, showing that BKT is the most reliable and financially strong bank in Albania.

JCR-ER has observed that BKT achieved successful results and recorded growths well over the sector averages in all segments in 2012, thus reinforcing its second place market position and taking steps to take over the sector’s top position. The well-capitalized Bank’s generated internal resources will continue to be dynamic for its high growth. 

BKT is the second largest and the oldest commercial bank in Albania with a total of 2.3 billion USD in assets and 1.9 billion of USD in deposits. BKT network includes 83 branches out of which 59 are situated in Albania and 24 of them in Kosovo, making BKT the biggest Albanian bank in the region.

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