Fitch Ratings publicizes new rating of Azerdemiryolbank
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�supportвЂ™ 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.