• ABOUT US
    • History
    • Our Team
    • Advertising
    • Subscription
  • CONTACT US
Georgia Today
No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
No Result
View All Result
Georgia Today
No Result
View All Result

Fitch Ratings Revises the Outlook on JSC Liberty Bank to ‘Stable’

by Georgia Today
April 5, 2021
in Business & Economy
Reading Time: 1min read
Fitch Ratings Revises the Outlook on JSC Liberty Bank to ‘Stable’

On March 31, Fitch Ratings revised the Outlook on JSC Liberty Bank to ‘Stable’ from ‘Negative,’ while affirming its Long-Term Issuer Default Rating (IDR) at ‘B+’.

The revision of the Outlook to Stable reflects reduced pressure on the bank’s credit profile from the health crisis and contraction of the Georgian economy.

Fitch Ratings expect that the bank’s pre-impairment profits will be sufficient to absorb additional credit losses from the pandemic without jeopardizing its financial profile.

The bank entered the crisis with a healthy capital cushion and good performance metrics. The Long-Term Issuer Default is driven by the bank’s intrinsic strength.

Liberty is one of the largest Banks in Georgia, with total Assets of up to GEL 3 bln. The Bank operates the largest branch network comprised of over 360 branches and 614 ATMs. The Bank is the exclusive agent of the Government of Georgia for the distribution of pensions and social benefits. The Bank employs over 4 700 employees serving over 1.7 mln customers.

Tags: businesseconomyFitch RatingLiberty Bank
ShareShareTweet

Related Posts

Sugar Price Increased by 25% on the World Market
Business & Economy

Sugar Price Increased by 25% on the World Market

April 8, 2021
With EU Support, CENN Introduces a Green Component to Ilia State University’s Social Entrepreneurship Bachelor Course
Newspaper

With EU Support, CENN Introduces a Green Component to Ilia State University’s Social Entrepreneurship Bachelor Course

April 8, 2021
Energy Efficiency in the Wine Industry
Business & Economy

Energy Efficiency in the Wine Industry

April 8, 2021

Recommended

No Content Available

Navigation

  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

Highlights

President Demands Return of Georgian Amb. to Ukraine

April 10 Declared a Day of Mourning by Gov’t Decree

April 9: Day of National Unity in Georgia

Medical Workers Accused in Akhaltsikhe Nurse Case Ordered to Pay 3000 GEL Bail Each

Rain Expected in Georgia on April 9-12

Gabunia: AstraZeneca Vaccination Program Continues in Age Group over 55

Trending

No Content Available
  • Where.ge
  • Newspaper
  • GEO
  • Magazine
  • Old Website

2000-2021 © Georgia Today

No Result
View All Result
  • News
  • Politics
  • Business & Economy
  • Social & Society
  • Sports
  • Culture
  • International
  • Where.ge
  • Newspaper
  • Magazine
  • GEO
  • OP-ED
  • About Us
    • History
    • Our Team
    • Advertising
    • Subscription
  • Contact

2000-2021 © Georgia Today