Moody's rating agency has maintained Kapitalbank's rating at B2 with "Stable" outlook.
Moody's analysts noted the bank's efficient business model and its rapid growth, balanced by stable financial performance and good asset quality.
The bank continues to demonstrate strong profitability, reaching a record high profit of 1.7 trillion sum in 2023. Profitability is supported by strong interest income and rapid loan growth.
Kapitalbank's asset quality remains high due to the low share of problem loans (1.65% of the total loan portfolio by the end of 2023).
— It is crucial for us not only to provide convenient banking services for private users and entrepreneurs from all regions of the country, but also to ensure the reliability and stability of the bank in conditions of rapid growth, — says Kirill Mayevsky, Chairman of the Management Board of JSCB Kapitalbank. — Support for small and medium-sized businesses, as well as rapid digitalization of the bank products enable us to achieve ambitious goals and provide our customers with the most convenient and high-quality service.
Today Kapitalbank is the largest private bank in the country in terms of assets, its clients are more than 1.9 million individuals and more than 64 thousand entrepreneurs. 95 branches and more than 1,150 ATMs of Kapitalbank operate across the country today.
In 2023, the bank launched new services for entrepreneurs and expanded the list of online services available for individuals.
About Moody's rating agency
The international rating agency Moody's (full name — Moody's Investors Service) is engaged in assigning credit ratings, research and risk analysis. It is one of the "big three" leading rating agencies in the world, along with Standard & Poor's and Fitch Ratings. The company's activities, based on the highest professional standards, contribute to increasing transparency and integration of capital markets.
Moody's analysts noted the bank's efficient business model and its rapid growth, balanced by stable financial performance and good asset quality.
The bank continues to demonstrate strong profitability, reaching a record high profit of 1.7 trillion sum in 2023. Profitability is supported by strong interest income and rapid loan growth.
Kapitalbank's asset quality remains high due to the low share of problem loans (1.65% of the total loan portfolio by the end of 2023).
— It is crucial for us not only to provide convenient banking services for private users and entrepreneurs from all regions of the country, but also to ensure the reliability and stability of the bank in conditions of rapid growth, — says Kirill Mayevsky, Chairman of the Management Board of JSCB Kapitalbank. — Support for small and medium-sized businesses, as well as rapid digitalization of the bank products enable us to achieve ambitious goals and provide our customers with the most convenient and high-quality service.
Today Kapitalbank is the largest private bank in the country in terms of assets, its clients are more than 1.9 million individuals and more than 64 thousand entrepreneurs. 95 branches and more than 1,150 ATMs of Kapitalbank operate across the country today.
In 2023, the bank launched new services for entrepreneurs and expanded the list of online services available for individuals.
About Moody's rating agency
The international rating agency Moody's (full name — Moody's Investors Service) is engaged in assigning credit ratings, research and risk analysis. It is one of the "big three" leading rating agencies in the world, along with Standard & Poor's and Fitch Ratings. The company's activities, based on the highest professional standards, contribute to increasing transparency and integration of capital markets.
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