Moody’s update on RCB Bank: High capital adequacy, low NPL’s ratio

Moody’s Investors Service has published its updated credit analysis report on RCB, highlighting as the Bank’s strengths the low NPL ration and the high capital adequacy.

The Bank’s rating remained unchanged at B1, with stable outlook (two notches lower than the sovereign rating of the Republic of Cyprus at Ba2).

The rating agency views positively the Bank’s efforts to grow its Cyprus residents deposit base and pointed out that the Bank has demonstrated consistent growth in deposits from the domestic market.

Last year Moody’s Investors’ Service upgraded RCB Bank’s long term local- and foreign-currency deposit ratings to B1 from B3.

This is another confirmation of the Bank’s stable financial position in terms of capital and liquidity.