Rating agency Moody’s assigned on November 27 the first-time Baa2 /P-2 long- and short-term deposit ratings and Baa3/P-3 long- and short-term issuer ratings to Romania’s largest lender, Banca Transilvania (BT). Both grades are in the lower-medium investment grade, the first category above the non-investment region. The outlook on the bank’s long-term bank deposit ratings and long-term issuer ratings is stable, according to Romania-Insider.com.
Moody’s also assigned a ba1 Baseline Credit Assessment (BCA) to Banca Transilvania, which captures the lender’s robust capital, with a reported Common Equity Tier 1 (CET1) capital ratio of 18.6% as of the end of June 2023, solid profitability metrics aided by the bank’s leading market position and strong business growth potential, granular deposit-based funding and ample liquidity.
“We are glad that Banca Transilvania (BT) is rated by two international agencies, one of them being Moody’s [and the other being Fitch], which confirms BT’s solid position,” said Ӧmer Tetik, General Manager, Banca Transilvania.
Read more HERE
