Moody’s Investors Service has published its updated credit analysis report on RCB, highlighting the Bank’s strong asset quality, low NPL and high capital adequacy ratios.
The Bank’s rating remained unchanged at B1, with stable outlook, the highest rating among Cypriot banks. In addition, the rating agency views positively the Bank’s efforts to grow its domestic franchise.
In 2017 Moody’s Investors’ Service upgraded RCB Bank’s long term local- and foreign-currency deposit ratings to B1 from B3.
This is another confirmation of the Bank’s stable financial position in terms of capital and liquidity.
Source: Stockwatch
