Bigbank Receives Moody's Affirmation of Its Financial Ratings
Moody's Ratings Affirmation for Bigbank AS
In a significant move, Moody’s Ratings has affirmed the ratings and assessments of Bigbank AS, a well-established commercial bank. This affirmation highlights the bank’s stability in the financial sector and its resilience amidst evolving market conditions.
Details of Ratings and Assessments
Moody's has confirmed several important ratings for Bigbank, which reflect its creditworthiness:
- Long-term and short-term deposit ratings: Ba1/NP
- Baseline Credit Assessment (BCA) and Adjusted BCA: ba2
- Long-term and short-term Counterparty Risk Ratings: Baa2/P-2
- Long-term and short-term Counterparty Risk Assessments: Baa2(cr)/P-2(cr)
Importantly, the outlook on the bank’s long-term deposit rating has transitioned from stable to negative. This indicates a cautious perspective on Bigbank’s future performance, urging stakeholders to continue monitoring its fiscal activities.
Bigbank's Financial Landscape
Bigbank AS has a rich history, marked by over 30 years of operations, predominantly in Estonia. It has become a notable player in the banking sector, with total assets amounting to 2.9 billion euros and an impressive equity of 274 million euros as of a recent assessment. The bank operates across nine countries, delivering services to more than 170,000 active customers and employing over 550 dedicated professionals.
Bigbank's credit ratings, including a long-term bank deposit rating of Ba1 from Moody’s along with a BCA of Ba2, underscore its financial strength and commitment to quality service. These ratings play a crucial role in maintaining investor confidence and trust in the bank’s operations.
The Outlook Ahead
Despite the shift to a negative outlook, Bigbank’s management remains optimistic about harnessing their strengths to navigate the challenges posed by the financial landscape. They anticipate leveraging technological advancements and optimizing operational efficiencies to ensure continued growth and customer satisfaction.
As the bank focuses on its future plans, stakeholders and customers alike will benefit from enhanced services and innovations that drive financial inclusivity and accessibility.
Contact Information
For those who wish to reach out, Argo Kiltsmann is the contact person for Bigbank. He serves as a Member of the Management Board and can be reached at the telephone number +372 5393 0833. Additionally, inquiries can be emailed to argo.kiltsmann@bigbank.ee.
For further details about Bigbank's offerings and services, interested parties can visit www.bigbank.eu.
Frequently Asked Questions
What are the latest ratings for Bigbank AS?
Bigbank AS has received ratings of Ba1/NP for long-term and short-term deposits and a BCA of ba2.
Who is the contact person at Bigbank?
Argo Kiltsmann, a Member of the Management Board, is the contact person and can be reached at +372 5393 0833.
What is the outlook for Bigbank's rating?
The outlook on the bank’s long-term deposit rating has recently changed from stable to negative.
How many countries does Bigbank operate in?
Bigbank operates in nine countries, serving over 170,000 active customers.
Where can I find more information about Bigbank?
You can find more information by visiting www.bigbank.eu.
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