Postbank's reported regulatory common equity Tier 1 (CET1) and total capital ratios were both 20.7% as of year-end 2022, above the bank's minimum CET1 ratio requirement of 12.45% and its minimum total capital ratio requirement of 16.5% for that period. Postbank's asset quality metrics have improved as the bank tackled legacy issues, but Moody's considers that the bank's growing share of unsecured consumer lending and high credit growth point to elevated asset risks. The bank's ba2 standalone BCA and Adjusted BCA reflect its robust capitalisation, relatively strong recurring profitability and a growing and low-cost granular deposit base.

Postbank's Baa3 long-term deposit ratings reflect the bank's ba2 BCA and Adjusted BCA, Moody's Advanced Loss Given Failure (LGF) analysis that results in two notches of rating uplift, as well as the agency's assumption of a low probability of government support, resulting in no further uplift. With assets of 17.8 billion levs ($9.6 billion/9.1 billion euro), Postbank, which is a subsidiary of Greece's Eurobank Group, was Bulgaria's fourth largest lender by assets as of end-June, with an 11% market share.Īt the beginning of June, Postbank closed the acquisition of BNP Paribas Personal Finance, the Bulgarian retail financing business of French lender BNP Paribas Group. Postbank was also granted a ba2 Baseline Credit Assessment (BCA) and Adjusted BCA, as well as Baa2/P-2 long- and short-term Counterparty Risk Ratings (CRR) and Baa2(cr)/P-2(cr) long- and short-term Counterparty Risk (CR) Assessments, Moody's said in a press release. Credit Suisse (USA), Inc.October 16 (SeeNews) - Credit ratings agency Moody's said it assigned inaugural Baa3/P-3 long- and short-term deposit ratings, with a positive outlook, to Eurobank Bulgaria, operating under the Postbank brand.Credit Suisse International – credit opinion – Ma(PDF).Credit Suisse Group AG – credit opinion – Ma(PDF).Credit Suisse Group AG – First Quarter 2023 – issuer comment – Ap(PDF).Credit Suisse Group AG – rating action – J(PDF).Please note that Credit Suisse Group AG cannot guarantee that this page always displays the most recent research and analysis published by the rating agencies: Moody's A selection of rating agency reports about Credit Suisse Group AG and its subsidiaries can be found below.

Moody's long term bank deposit ratings