Peer Report: Small and Medium-Sized Bulgarian Banks - Fitch Research

Peer Report: Small and Medium-Sized Bulgarian Banks

Peer Report: Small and Medium-Sized Bulgarian Banks - Fitch Research
Peer Report: Small and Medium-Sized Bulgarian Banks
Published Jul 23, 2018
12 pages (7804 words) — Published Jul 23, 2018
Price US$ 550.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...Support Drives Ratings: The Issuer Default Ratings (IDRs) and Support Ratings of Allianz Bank Bulgaria AD (ABB), ProCredit Bank (Bulgaria) EAD, Raiffeisenbank (Bulgaria) EAD and Societe Generale Expressbank AD are driven by support. The banks' IDRs and Support Ratings reflect Fitch Ratings' opinion of an extremely high (Expressbank) and high (the remaining banks) probability that they would be supported, if required, by their respective parents. The four banks are owned, respectively, by Allianz SE (AA-/Stable, 66% stake), ProCredit Holding AG & Co. KGaA (PCH; BBB/Stable, 100%), Raiffeisen Bank International AG (RBI; 100%) and Societe Generale S.A. (SocGen; A/Stable, 99.7%). Stable Outlooks: The Stable Outlook on the banks' Long-Term IDRs reflects our view that risks related to their parents' credit profiles are broadly balanced. Compressed Viability Ratings: The Viability Ratings (VRs) of all banks are compressed in the `bb' range. The higher VR of Raiffeisenbank reflects its superior...

  
Report Type:

Full Rating Report

Company(ies)
ProCredit Bank (Bulgaria) EAD , Allianz Bank Bulgaria AD , Expressbank AD , KBC Bank Bulgaria EAD
Issuer
Societe Generale Expressbank AD
Format:
PDF Adobe Acrobat
Buy Now

Allianz Seguros S.A. – 2018/07/26 – US$ 550.00

Credit du Nord – 2018/06/26 – US$ 300.00

ProCredit Bank (Bulgaria) EAD – 2018/07/19 – US$ 300.00

Allianz Bank Bulgaria AD – 2018/07/19 – US$ 300.00

Allianz Bank Bulgaria AD - Ratings Navigator – 2018/07/12 – US$ 500.00

ProCredit Bank (Bulgaria) EAD – 2019-09-04 – US$ 300.00

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Cite this Report

  
MLA:
Fitch Research. "Peer Report: Small and Medium-Sized Bulgarian Banks" Jul 23, 2018. Alacra Store. May 13, 2025. <http://www.alacrastore.com/fitch-credit-research/Peer-Report-Small-and-Medium-Sized-Bulgarian-Banks-932892_report_frame>
  
APA:
Fitch Research. (). Peer Report: Small and Medium-Sized Bulgarian Banks Jul 23, 2018. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/fitch-credit-research/Peer-Report-Small-and-Medium-Sized-Bulgarian-Banks-932892_report_frame>
  
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