Íslandsbanki hf.: Fitch affirms BBB rating with stable outlook
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Today, Fitch Ratings has affirmed Íslandsbanki's ratings of BBB/F3 with a stable outlook.
According to Fitch, the ratings for Íslandsbanki reflect the Bank's leading domestic position with a market share of around 30 per cent and the Bank's satisfactory asset quality, stable liquidity position and high reported capital ratios.
Furthermore, Fitch notes that Íslandsbanki's strategy to target continued organic growth in Iceland, combined with its sound risk management framework, will continue to strengthen the Bank's asset quality, with the Bank having seen a sharp decline in its non-performing loans since 2010.
For further information:
Investor Relations - Gunnar S. Magnusson, [email protected] and tel: +354 440 4665.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Islandsbanki hf. via Globenewswire
GlobeNewswire Europe, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
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