The agency's analysts predict that the RAC (risk-adjusted capital) ratio will consistently exceed 7.0% in 2024-2025 compared to previous forecasts of 6.5-6.8%. The 'Positive' outlook on the rating also reflects S&P analysts' expectations of a possible upgrade in the financial institution's rating in the next 12-18 months.
The revision of JSC Nurbank's rating outlook from 'Stable' to 'Positive' by the influential international rating agency S&P Global Ratings confirms that the bank has sufficient capital and liquidity reserves.
The S&P Global Ratings assessment confirms the prospectiveness of Nurbank's activities and the effectiveness of its chosen strategy in the financial market, as the ratings are indicators of the credit organization's solvency and reliability.
The general positive expectations of the agency's analysts indicate the bank's stability and the effectiveness of its chosen course, as well as the accuracy of the strategic decisions made by the bank's management in the prevailing market conditions,” comments Gulnara Musatayeva, Chairperson of the Management Board of JSC Nurbank.