BoC Financial Strength Rating Affirmed at ‘B+’

17:11 - 08 Νοεμβρίου 2017

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, has announced that it has revised the Outlook on Bank of Cyprus’ (BoC) Financial Strength Rating (FSR) to ‘Positive’ from ‘Stable’. The rating action reflects the ongoing decrease in non-performing loans (NPLs). CI Ratings expects that as economic conditions in Cyprus continue to improve, further reductions are likely, including through sales following the substantial amount of additional provisions taken.

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