OREANDA-NEWS. September 18, 2009. The International rating agency “Planet Rating” assigned “B +” rating to Azerdemiryolbank with the “positive” forecast. “B +” is considered by commercial organizations as an investment rating, reflecting the achievements of Azerdemiryolbank, reported the press-centre of Azerdemiryolbank.

Activity of Azerdemiryolbank in corporate governance, risk management, efficiency and profitability, business and information categories was assessed at level “B”, and in funding and liquidity, for the first time in Azerbaijan, at level "A”.

The International Agency “Planet Rating” with its headquarters in France, operates in more than 60 countries and specializes on assessment of banks and credit organizations in microfinance area. Along with other credit programs Azerdemiryolbank also implements various programs on micro-credit. Azerdemiryolbank is the first bank in Azerbaijan that received rating from “Planet Rating” agency.

“Under its social-oriented policy, Azerdemiryolbank is implementing various programs on micro-credit that promote the development of small business in the country increasing employment and welfare. High rating of Azerdemiryolbank by Planet Rating agency will let us develop relations with international financial organizations and expand micro-credit activities", - said Deputy Chairman of the Executive Board Mr. Yusif Jabbarov.

Azerdemiryolbank also has a rating of "Fitch Ratings" agency. Started its cooperation with "Fitch Ratings" in 2004, Azerdemiryolbank became the first private bank in the country, which received an international rating.

One of the first banks in the country Azerdemiryolbank was established in 1989. Among the shareholders of the Bank there are major international financial institutions, such as the European Bank for Reconstruction and Development (EBRD) and the Netherlands Development Finance Company (FMO).