Moody’s Lifts Postbank’s Long-Term Deposit Rating to Baa2 with a Positive Outlook

Postbank has received yet another key recognition for the efficiency of its business activities after the international rating agency Moody’s Ratings (“Moody’s”) upgraded the institution’s long-term and short-term deposit ratings to Baa2/P-2, respectively. The outlook for the long-term deposit rating remains positive. At the same time, the rating agency upgraded the long-term Counterparty Risk Ratings (CRR) to Baa1. The updated rating assessment by the agency, which is one of the three largest in the world, confirms Postbank’s ability to maintain strong financial performance and successfully adapt to dynamic market conditions.

Moody’s report highlights Postbank’s stable capitalization, strong recurring profitability, and growing deposit base.

“This international recognition is of key importance to us as it is proof of our hard work and the result of the bank’s sustainable development. It reflects the trust our clients and partners place in us and further supports our strategic goals for stable growth. Our main focus remains on innovation, providing an excellent customer experience, and delivering exceptional added value, which continues to cement our leadership position as one of the leading financial institutions in the country,” commented Postbank.

At the end of 2023, Postbank reported a Common Equity Tier 1 capital ratio of 19.0%, with a net income to tangible assets of 1.7% for the year and client deposits, which dominate its funding base, representing 81% of total assets, according to Moody’s report. Looking ahead, the rating agency expresses its expectations that Postbank’s solvency and liquidity profile will remain stable.

Postbank, part of the international Eurobank group, has over 30 years of successful presence in the Bulgarian market. During this period, the financial institution has strictly followed its strategic framework for developing an ecosystem of digital and traditional banking channels and stands out with its modern solutions, innovative concepts, and specialized products and services. The bank is also among the most awarded in various national and international competitions, with some of its accolades in 2024 including “Top Employer” from the independent international Top Employers Institute for the second consecutive year and being named the best custodian bank in Bulgaria by the prestigious international publication for capital markets, asset management, and investment activities, Global Custodian, for the twelfth consecutive year.

More information about Postbank’s full range of solutions can be found online at www.postbank.bg.