OREANDA-NEWS. January 14, 2014. Moody’s assigns B1 long-term deposit rating to AS EXPOBANK. Rating carries a stable outlook.

Assigned rating to AS EXPOBANK is the highest credit rating among all commercial banks in Latvia, rated by international rating agencies at the moment.

“One of leading international rating agencies appreciates low credit risk profile, as well as strong capitalization and low liquidity risk of AS EXPOBANK. Assigned strong rating is an evidence that strategic decisions made by the management of AS EXPOBANK and the focus on high quality transactional service leads to sustainable growth of our business”: said Mr.Maris Avotins, the chairman of the Board of AS EXPOBANK.

The management of AS EXPOBANK confirms that safety of customer funds and providing high quality transactional service still will be priority of the Bank.

AS EXPOBANK is one of the oldest commercial banks in Latvia, the banking license was received back in year 1991. Expobank’s business model involves the provision of high quality transactional services to global companies.

The total assets of AS EXPOBANK amounted to 219 million lats at the end of November 2013, capital adequacy Tier 1 ratio 64% and Liquidity ratio of 125%. Bank’s net profit was 2,79 million lats at the end of November 2013.