tbi bank, a Southeastern Europe leading challenger bank, operating in Bulgaria, Romania, Greece, Germany, and Lithuania, received an investment rating, reflecting Counterparty Risk - Baa3, and Ba2/NP long- and short-term deposit rating from Moody’s Investors Service (Moody’s).
At the same time, the rating agency has assigned Baa3(cr)/P-3(cr) long- and short-term Counterparty Risk (CR) Assessments and ba3 Baseline Credit Assessment (BCA).
According to Moody’s – “tbi bank’s tangible common equity-to-risk-weighted assets ratio stood at 27.0% as of the end of 2022, sufficient to absorb sizeable unexpected losses. The bank also benefits from strong internal capital generation and earnings retention that balances ambitious growth targets and the more limited access to capital compared to publicly listed banks.”
The agency also states in its report that the stable outlook on the long-term deposit ratings reflects its expectation that the bank’s performance and financial profile will remain broadly stable.
"We are proud to receive rating from a world-renowned agency like Moody’s, reflecting our strong profitability, secure deposit base and the perspective of stable growth. This assessment further cements our position as a trusted and reliable financial institution, reinforcing our commitment to continue providing innovative lending and savings solutions for our customers on all markets”, said Lukas Tursa, Executive Director, Funding.
For more information on Moody’s announcement click here.
About tbi bank
tbi bank is a mobile-first challenger bank in South East Europe and regional leader in alternative payment solutions, building an ecosystem by combining financing and shopping to address customers’ needs. It focuses on helping merchants to grow their business as well as providing consumers with financial products and services that make their lives easier. Currently operates in Bulgaria, Romania, Greece, Germany, and Lithuania. Through various digital channels and trusted partnerships with nearly 20,000 merchant locations, tbi has a customer base of 2 million clients and issued nearly 550,000 loans in 2022. Its business model and customer-focused approach resulted in becoming one of the most profitable and efficient banks in the region.
