The international rating agency Fitch Ratings has completed appraisal of the Azerbaijani bank Azerdemiryolbank, according to the announcement spread by the agency.
Fitch Ratings asserted long-term rating of the bank as CCC+, short-term вЂ"C, individual вЂ"D/E and вЂ�support’ on level 5.
The estimation confirms that the bank continues to have a small size in accordance with the national standards despite its development.
The same time the bank has a satisfactory quality of assets and capital co-efficient despite a rise in operations which has been observed from late 2003. The rating reflects that the bank has a comparably small share in the market.