On April 30, 2021, Fitch, as the leading credit rating agency for financial institutions, confirmed the credit rating of ProCredit Bank BH from B + with a stable outlook. After conducting analyzes, the rating agency assessed that the Bank has an important role within the ProCredit Group and the rating assigned to the bank in 2019 was confirmed.
In the long series of positive trends set by ProCredit Bank BiH, this is a strong confirmation that justifies the shareholders’ faith in the company’s mission and prosperity. The parent company, ProCredit Holding, also positively evaluated with a credit rating of “BBB”, confirms that even in challenging times it manages to maintain high-quality business and excellent business results. Otherwise, this assessment points to the fact that the presence of risk of inability to meet financial obligations is negligible or extremely low.
It is worth mentioning that the information about the confirmed credit rating by Fitch comes as the crown of great news from this bank that arrives in an uninterrupted series. For example, at a time when the banking sector in the domestic market was looking for and still is looking for ways to return to normal business flows faster and easier, ProCredit Bank BiH had ready solutions for digital banking. This strategy has been implemented since 2015, and the new opportunities were actually just a way to implement the already prepared activities faster and more agile. Today, ProCredit Bank BiH has crossed the path from a bank that is the most desirable partner of small and medium businesses, a status that it indisputably retains to this day, to the first digital bank in Bosnia and Herzegovina that benefits its customers – individuals in every way.
“Behind Fitch’s rating, but also the extremely stable growth of the bank’s activities, stands a hard-working and dedicated team of people who, today I can freely confirm that, have done an extraordinary job using the advantages of new technologies and using challenges to their advantage. Our advantage lies in three facts: a coherent and focused team, flexibility to implement new ideas and, of course, security and stability of the only bank in BiH with all-German capital, “commented Amir Salkanović, President of the Management Board of ProCredit Bank.
Fitch Group is a world leader in operating and processing financial information with a network of presences in 30 countries. The group consists of Fitch Ratings (a world leader in credit rating research and creation), Fitch Solutions (a company that is a key provider of credit information, analytical tools and potential risks) and Fitch Learning (companies dedicated to training and professional development). More about the Fitch rating agency here.
To remind, the credit rating of Bosnia and Herzegovina according to Standard & Poor’s (second rating house) is “B +”.
For more information on the credit rating of ProCredit Bank BiH as well as the actions taken, and what was included in defining the rating, read the press release of Fitch Ratings.