Japanese Rating Agency, JCR-Eurasia Rating has reaffirmed Aktif Bank’s “Long Term National Rating”
Japanese Rating Agency, JCR-Eurasia Rating has reaffirmed Aktif Bank’s “Long Term National Rating” of high investment grade “A-(Trk)”’ and revised its long term outlook from “Stable” to “Positive”.
Having embarked on a fundamental strategic transformation in 2007, Aktif Bank has set out its core strategies to be: an innovative bank, bringing the Direct Banking model to Turkey; a global bank, becoming "a regional power" in and around Turkey; a distinct bank, producing "direct" solutions for individual needs and a rapidly moving, practical and creative bank as a "corporate business partner". Aktif Bank progresses on its course with an organizational and technological infrastructure firmly supporting its strategies having particularly invested in its human capital and information technologies.
Aktif Bank was the fastest growing bank in the Turkish Banking sector in 2008. The growth was accelerated by the cash equity injection of USD 60 million as per the decision of Board of Directors which was realized at the end of 2008, at a time when global liquidity was very scarce. The healthy growth continues with low leverage-high equity ratios and an exceptional asset quality as a result of effective risk management policies.
JCR-ER announced: “with the expectation of continued growth and the growing impact of this growth on profitability which is already visible in 2009, we have revised our Long Term National Local Rating of Aktif Bank from stable to positive”.