Фото: Reform.by
Chinese rating agency Dagong Global Credit Rating has assigned Belarusbank a credit rating of AA+ on the Chinese scale, with a stable outlook.
“The rating results indicate that the bank plays an important role in ensuring the stability of Belarus’ financial system and is highly likely to be able to count on support from the country’s government if necessary. The bank holds dominant positions in several segments of the domestic market and has a relatively stable deposit base. Its high level of capitalisation ensures the stability of its operations. At the same time, geopolitical risks, particularly international sanctions, create challenges for implementing the bank’s strategy and managing risks,” the agency said in a statement.