Fitch assigns Bank RBK 'BB' rating amid stable outlook
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Fitch Ratings has assigned Bank RBK a long-term issuer default rating of 'BB'. The rating comes with a stable outlook, reflecting the bank's adequate capitalization and asset quality. This occurs as Bank RBK expands its retail operations.
Fitch Ratings Assessment
Fitch Ratings has evaluated Bank RBK's financial health, assigning it a 'BB' long-term issuer default rating and a 'bb' viability rating. The bank also received a national long-term rating of 'A(kaz)'. These ratings are based on the bank's strong capitalization, liquidity, and asset quality, according to Tengrinews.
Bank RBK's Financial Strategy
Bank RBK is diversifying its income base by expanding into the retail segment, as noted by Fitch. The bank's assets are balanced, with 54% in net loans by the end of 2025, complemented by highly liquid non-credit assets. Fitch also highlighted the bank's moderate level of non-performing loans, which are below the sector average, and its robust loan loss reserves.
What's Next
Fitch anticipates a moderate improvement in Bank RBK's asset quality by 2026. It remains uncertain how the bank's retail expansion will impact its overall financial performance.
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Fitch assigns Bank RBK 'BB' rating amid stable outlook
