(Tirana, 12 June, 2017) - JCR-Eurasia Rating has evaluated Banka Kombetare Tregtare (BKT) in a high-level investment category and affirmed its ratings on the Long Term National Scale as ‘AAA (Alb)’ along with a ‘Stable’ outlook. The ratings on the Long Term International Foreign and Local Currency Scales have been affirmed at the investment grade level of ‘BBB-’, one notch above the country ceiling level, along with a ‘Stable” outlook.
JCR Eurasia Rating is the Eurasian affiliate of Japan Credit Rating Agency, one of the most prestigious rating agencies in the world. AAA (Alb) stands for the highest possible evaluation within local market, showing that BKT is keeping its position as the largest bank and most reliable and financially strong bank in Albania.
JCR-ER has observed that with a 27.23% market share based on asset size, BKT dominates the Albanian banking sector as the largest Bank. BKT outperformed the sector averages in all core banking activity fields such as assets, loans, deposits, equity and net profit size, strengthening the 1st rank positions. In accordance with the previous years, above sector average profitability indicators, a highly dispersed deposit profile with a high roll-over rate, above sector-average growth, significantly below sector average non-performing loans level and consistently rising market share have been the leading factors in the differentiation of BKT from the Sector and in the affirmation of the Bank’s Long Term National Ratings.
BKT enjoys the largest branch network in the Albanian Banking sector, integrated with the effective utilization of alternative distribution channels including ATM, internet and mobile banking. As always, a pioneer in implementing technological innovations, driven by customer requirements, BKT has turned its focus to digital banking channels with a banking approach that emphasizes risk-centered, productive, profitability and leading services.