S&P upgraded NLB's credit rating
Today on 12th May, 2017 rating agency Standard and Poor's (S&P) upgraded NLB's Long-term IDR to "BB" from "BB-". The Outlook remains Positive.
According to the agency, the upgrade reflects robust domestic growth, rapid decrease of nonperforming loans and strengthened creditworthiness, fostering improvements in the bank’s earnings generation capacity and supporting further transformation of the bank. Furthermore S&P underlined NLB’s improved liquidity position based on strong domestic retail franchise which manly comprises a stable and diversified retail deposit base.