Fitch affirms Sekerbank

Fitch Ratings said it affirmed Sekerbank TAS's long-term foreign- and local-currency and short-term foreign- and local-currency issuer default ratings at B, along with its national long-term rating at BBB+(tur).

The outlook is stable.

The ratings reflect a high cost base, which constrains profitability, Fitch said, and rapid loan growth that may lead to deterioration in asset quality.

These factors are counterbalanced by declining but adequate capitalization, improved risk management controls and a well diversified core deposit base, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.