Fitch affirms Belgazprombank’s IDR at ‘B’, Outlook Negative
<p> MINSK, Feb 23 - PrimePress. Fitch Ratings has affirmed the long-term issuer default rating (IDR) of Belgazprombank at ‘B’, outlook negative, the bank reports. </p> <p> </p> <p> Fitch points at the restoration of operational control over Belgazprombank by its main shareholders–Gazprom (BBB/Outlook Stable) and GPB Bank (BBB-/Outlook Stable), each owning 49.82% of the bank’s authorized capital, and, as a result, the end of uncertainty about the bank’s access to parent company’s finances. </p> <p> </p> <p> Fitch also saw no outflow of deposits. Belgazprombank maintained a sufficient stock of liquid assets. The bank managed to maintain the quality of the loan portfolio, which traditionally demonstrated higher stability compared with the loan portfolios of its competitors. </p> <p> </p> <p> Thanks to the well-balanced composition of the bank’s assets and liabilities and profitable operations, Belgazprombank managed to secure sufficient reserve of the regulatory capital at the yearend: the regulatory capital adequacy ratio was at 17.9% with the minimal rate of 12% set by the regulator. </p> <p> </p> <p> Fitch affirmed Belgazprombank’s long-term IDR at ‘B’, outlook negative; short-term IDR at ‘B’; support rating at ‘4’; sustainability rating at ‘B.’ </p> <p> </p> <p> Belgazprombank OJSC was established in 1990 as an authorized bank of Gazprom Group in Belarus. Russian Gazprom PJSC and Gazprombank JSC own 49.818% stake in Belgazprombank each; Gazprom Transgaz Belarus – 0.266%; the Republic of Belarus represented by the Ministry of Energy of Belarus – 0.097%. Belgazprombank is assigned to the systemic importance Group I. End </p>
2021-02-24
Primepress
Fitch affirms Belgazprombank’s IDR at ‘B’, Outlook Negative
MINSK, Feb 23 - PrimePress. Fitch Ratings has affirmed the long-term issuer default rating (IDR) of Belgazprombank at ‘B’, outlook negative, the bank reports.
Fitch points at the restoration of operational control over Belgazprombank by its main shareholders–Gazprom (BBB/Outlook Stable) and GPB Bank (BBB-/Outlook Stable), each owning 49.82% of the bank’s authorized capital, and, as a result, the end of uncertainty about the bank’s access to parent company’s finances.
Fitch also saw no outflow of deposits. Belgazprombank maintained a sufficient stock of liquid assets. The bank managed to maintain the quality of the loan portfolio, which traditionally demonstrated higher stability compared with the loan portfolios of its competitors.
Thanks to the well-balanced composition of the bank’s assets and liabilities and profitable operations, Belgazprombank managed to secure sufficient reserve of the regulatory capital at the yearend: the regulatory capital adequacy ratio was at 17.9% with the minimal rate of 12% set by the regulator.
Fitch affirmed Belgazprombank’s long-term IDR at ‘B’, outlook negative; short-term IDR at ‘B’; support rating at ‘4’; sustainability rating at ‘B.’
Belgazprombank OJSC was established in 1990 as an authorized bank of Gazprom Group in Belarus. Russian Gazprom PJSC and Gazprombank JSC own 49.818% stake in Belgazprombank each; Gazprom Transgaz Belarus – 0.266%; the Republic of Belarus represented by the Ministry of Energy of Belarus – 0.097%. Belgazprombank is assigned to the systemic importance Group I. End