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Fitch Ratings has revised the outlook on JSC Liberty Bank's Long-Term Issuer Default Rating (IDR) to Positive from Stable, and has affirmed the IDR rating at 'B+'. At the same time, Fitch has affirmed the bank's Viability Rating (VR) at 'b+'.
According to “Fitch Ratings”, Liberty Bank’s IDR is driven by the bank's standalone profile, as captured by its VR. The VR reflects the bank's good asset quality and profitability metrics, adequate capitalization, as well as reasonable funding profile
"Upgrade of the bank's IDR outlook by "Fitch Ratings" is another unequivocal proof that the bank has chosen the right development strategy. Every year, Liberty Bank improves its financial results, strengthens its position on the market and offers new and diverse banking services to its customers" - said Beka Gogichaishvili, CEO of Liberty Bank.
