ANORBANK issued a comment regarding the decision by Fitch Ratings to change the bank's credit rating to CCC+. The bank emphasized that it continues to operate normally and fully fulfills all its obligations to clients.
ANORBANK stated that this external rating change has not affected the operation of the mobile application, transfer operations, cash withdrawals, or the servicing of bank cards and accounts. Furthermore, the bank confirmed having sufficient liquidity reserves and financial stability.
The bank pointed out that one of the key factors influencing the rating is Fitch's methodology for calculating Fitch Core Capital, which takes into account the size of the loan portfolio. According to ANORBANK's statement, regulatory capital adequacy requirements are being met in full.
It was also noted that Fitch's methodology provides for the deduction of intangible asset value, including acquired software, from capital. ANORBANK specifically highlighted this point as being of great importance to the bank's digital business model.
In the first four years of its operation, the bank invested in remote banking systems such as scoring platforms, CRM, loan issuance, as well as card delivery monitoring and accounting platforms. A significant portion of these solutions was acquired as owned assets rather than used under licensing agreements.
ANORBANK reported that the external rating change has become an impetus for accelerating internal transformations. In particular, the bank continues to work on increasing the stability of its IT systems, developing remote service channels, and improving the daily banking experience for customers. The bank also expressed its intention to continue developing as a technology partner for its clients.