17:39 - 28.06.2019

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June 28, Fineko/abc.az. S&P affirmed Muganbank’s B-/B rating due to the adequacy of Bank's liquidity indicators.

According to Muganbank’s report, last year, despite a small increase in revenues, Bank's revenue potential and asset quality remained weak, and its capitalization deteriorated.

The report says that despite this, due to the stable deposit base, as well as the inflow of public funds within the system-wide support program, the liquidity of Muganbank will remain at an adequate level.

In addition, it is expected that Muganbank's regulatory capital will remain at an adequate level above the established minimum requirement. Muganbank's long-term and short-term ratings are affirmed at the level of B-/B.