JCR Eurasia Rating confirms AA(Alb) evaluation to BKT for Corporate Governance
Tirana, Albania (October 10, 2013) - JCR Eurasia Rating, by evaluating the corporate governance practices established within BKT, has assigned (AA(Alb)/Merit) for the overall level of compliance with the Albanian Corporate Governance Code and the regulations set by Albanian Ministry of Finance. The grade assigned to BKT signifies a Merit Level of Compliance with the principles of the code.
JCR-ER has observed that BKT has kept the level reached 12 months ago, with a well-defined and transparent organizational structure with balanced tasks and responsibilities accompanied by qualified management, existence of functional monitoring, audit, compliance and risk management systems, healthy relationship between the management and shareholders and regulatory authorities depending on mutual trust.
BKT is the first company in Albania to receive the corporate governance rating on compliance with the code. This proves once more the capability of BKT to be the pioneer not only in the services and products offered, but also in management.
JCR Eurasia Rating is the Eurasian affiliate of Japan Credit Rating Agency, one of the most prestigious rating agencies in the world.
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