Turkish state-owned lender Halkbank does not expect any possible change in Turkey's sovereign ratings to negatively impact its capital adequacy ratio, it said in a stock exchange filing made on January 24.
The bank explained that it could consider using alternative credit rating agencies acknowledged by banking regulator BRSA for the calculation of the capital adequacy ratio, thus it did not foresee a ratio deterioration.
Fitch Ratings is widely expected to downgrade Turkey when it announces the result of its county review on January 27, probably after the local market close.
Fitch affirmed Halkbank’s Long-Term Foreign Currency Issuer Default Ratings (IDRs) at 'BBB-' with a Stable Outlook in October 2015.
The capital adequacy ratio of Halkbank, one of Turkey’s largest banks by assets, stood at 13.5% as of the end of September 2016.
The lender’s net income increased 31.7% y/y to TRY2.64bn (€637mn) in the third quarter of 2016, while its NPL/total loans ratio was 3.1%, slightly below the sector average of 3.3%.
Kazakhstan’s Bank of Astana (Astana Banki) plans to conduct a secondary offering of shares (SPO) on the Moscow Stock Exchange, RNS news agency reported last week. Bidding will begin on December 14. ... more
The Albania’s central bank has announced it will issue a new ALL10,000 (€74.9) banknote. The new ALL10,000 banknote will have the highest value issued so far, as the current biggest value ... more
Tajikistan’s troubled Agroinvestbank announced last week its intention to start selling off assets as its funds are insufficient for returning depositors’ money. The bank aims ... more