JCR Eurasia Rating evaluate BKT with AAA (Alb) for Corporate Governance

Tirana, Albania (November 25, 2016) - JCR Eurasia Rating, by evaluating the corporate governance practices established within BKT, has assigned 87.06 (AAA (Alb)/Distinctive) points out of 100 for the overall level of compliance with the Albanian Corporate Governance Code and the regulations.
The grade assigned to BKT signifies a Distinctive Level of Compliance with the principles of the code and its Notch degree to the level a/Excellent. This rating taken in conjunction with the initial reports published in the previous years 2012, 2013, 2014, 2015, make JCR Eurasia believe that the overall compliance level attained by BKT will be maintained during the next 12-month monitoring period. In this regard, the Outlook of the Bank has been determined as “Stable”.

In this report BKT has succeeded in maintaining the level of compliance reached in the previous 12 months for four of the main sections. In addition, has increased the score of “Human Resources and Performance Evaluations”, to a score of 86.27 due to its human resources policy and a separate human resources department which carries out the contemporary practices with well-educated staff. This increase in the human resources performance has positively affected the Bank’s overall compliance note. 

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

Banka Kombëtare Tregtare is the first Albanian company that has been evaluated by an international financial institution regarding Corporate Governance.

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