OREANDA-NEWS. July 11, 2008. Moody’s Investors Service has affirmed JSC “NORVIK BANKA” a D-bank financial strength rating (BFSR), which translates into a baseline credit assessment of Ba3; a long-term deposit rating of Ba3 and short-term deposit rating of Not-Prime. The outlook on all ratings is stable, reported the press-centre of NORVIK BANKA.

The strengthes of the bank, specified in the report:

Strategic investors with banking expertise and contacts,

Implementation of a substantial reorganisation programme that addresses the bank's previous weaknesses,

Satisfactory capital adequacy,

Good asset quality.

"Affirmation of assigned ratings in conditions of global economic recession and delay of growth of a national economy of Latvia is a good indicator, that confirms the stability of the bank’s positions", emphasized Valentina Keisha, a member of the Board of NORVIK BANKA.