Qlobal kredit reytinqi agentliyi "Moody's Ratings" "Kapital Bank" ASC-nin  uzunmüddətli yerli və xarici valyutada depozit reytinqlərini Ba2 səviyyəsində təsdiqləyib. Uzunmüddətli depozit reytinqləri üzrə proqnoz "müsbət" olaraq qalır.

Marja.az xəbər verir ki, bu barədə "Moody's Ratings" məlumat yayıb.

Bankın kredit ödəmə qabiliyyətinin baza səviyyəsi (Baseline Credit Assessments) ba3 səviyyəsində təsdiqlənib.

Vurğilanıb ki, "Kapital Bank"ın ba3 BCA və Ba2 uzunmüddətli bank depozit reytinqlərinin təsdiqi Kapital Bank-ın yaxşı aktiv keyfiyyətini və gəlirliliyini, bazar maliyyələşdirməsindən məhdud asılı olan sabit maliyyələşdirmə bazasını və geniş likvidliyi əks etdirir.

Qeyd edilib ki, "Kapital Bank"da problemli kreditlər 2024-ü ilin sonunda ümumi kreditlərin 2,5%-ni təşkil edib. Eyni tarixdə problemli kreditlərin 150%-inə yaxın ehtiyat mövcud olub. Tarixən Kapital Bank-ın aktivlərinin keyfiyyəti digər iri banklardan daha yaxşı olub, çünki bank öz mövcud müştərilərinə, o cümlədən əmək haqqı müştərilərinə, büdcədən maaş alanlara və təqaüdçülərə kredit verir.

"Biz Kapital Bank-ın aktivlərinin keyfiyyətinin əlverişli iqtisadi şəraitlə dəstəklənən növbəti 12-18 ay ərzində sabit qalacağını gözləyirik", - "Moody's Ratings" qeyd edib. 

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Moody's Ratings affirms Kapital Bank's Ba2 long-term deposit ratings, maintains positive outlook

Frankfurt am Main, July 08, 2025 -- Moody's Ratings (Moody's) has today affirmed Kapital Bank OJSC's (Kapital Bank) Ba2 long-term local and foreign currency bank deposit ratings, the bank's ba3 Baseline Credit Assessment (BCA) and Adjusted BCA, its Ba1 long-term Counterparty Risk Ratings (CRRs), and the Ba1(cr) long-term Counterparty Risk Assessment (CR Assessment). In addition, we affirmed the Not Prime (NP) short-term local and foreign currency bank deposit ratings, NP short-term local and foreign currency CRRs and the NP(cr) short-term CR Assessment. The outlook on the long-term deposit ratings remains positive.

RATINGS RATIONALE

The affirmation of Kapital Bank's ba3 BCA and its Ba2 long-term bank deposit ratings reflects Kapital Bank's good asset quality and profitability, a stable funding base with limited reliance on market funding, and ample liquidity.

Kapital Bank's problem loans (defined as Stage 3 loans under IFRS 9 standards) stood at 2.5% of total loans at year-end 2024, compared to 2.0% at year-end 2023. Reserve coverage of problem loans was around 150% at the same date. Historically, Kapital Bank's asset quality has been better than that of its peers because of the bank's lending focus on its existing clientele, including payroll customers, budget recipients and pensioners. We expect Kapital Bank's asset quality to remain broadly stable over the next 12-18 months, supported by favorable economic conditions.

In 2024, Kapital Bank reported net income of AZN239 million, down from AZN282 million in 2023, according to consolidated financials, translating into a return on tangible assets of 2.0% (compared to 3.1% in 2023). The decline in profitability was driven by increased funding costs and a rise in operating expenses. We expect the bank's profitability to remain stable over the next 12-18 months supported by stabilized net interest margin and the bank's strengthening fees and commission generating capacity.

Kapital Bank's tangible common equity (TCE) to risk-weighted assets (RWA) ratio was 11% at end-2024, down from 13.5% in 2023, primarily due to an increase in RWA. We expect this ratio to improve over the next 12-18 months, supported by a moderated dividend payout and asset growth, and good internal capital generation, as reflected in a return on average equity (RoAE) of 22% in 2024.

In 2024, customer deposits increased by 42%, accounting for 85% of the bank's non-equity funding. Kapital Bank benefits from ample liquidity, which represented 37% of total assets, primarily comprising cash and balances with the Central Bank of Azerbaijan and liquid government securities.

Kapital Bank's Ba2 long-term deposit ratings are based on its ba3 BCA and our assessment of a high probability of government support from the Government of Azerbaijan, given the bank's status as the third-largest bank in the country with significant market shares in both loans and customer deposits. This support currently results in a one-notch uplift from the bank's standalone BCA.

RATINGS OUTLOOK

The positive outlook on Kapital Bank's long-term deposit ratings reflects the positive outlook on Azerbaijan, indicating a strengthening in the government's capacity to support the bank during periods of stress.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

An upgrade of Azerbaijan's sovereign rating could lead to an upgrade of Kapital Bank's deposit ratings within 12-18 months. Additionally, material improvements in the bank's profitability, capital adequacy, or further enhancement of the operating environment in Azerbaijan could support an upgrade of both the BCA and deposit ratings. Conversely, a material deterioration in operating conditions that weakens the bank's asset quality, profitability, or capital adequacy could lead to a downgrade.