Moody's evaluated the progress of Šiaulių bankas: improved credit rating

International rating agency Moody's has improved Šiaulių bankas' long-term borrowing rating from Baa3 to Baa2, naming the rating outlook as stable.

Moody's assessment points out that the higher rating to Šiaulių bankas has been given due to the consistent strengthening of capitalization and the improvement of sustainable profitability supported by lending growth and good margins.

“This Moody's rating is important to us because it shows that our consistent and balanced growth strategy is working. This is a positive message for our customers and investors, showing the trust of an influential institution”, said Vytautas Sinius, CEO of Šiaulių bankas.

Ratings provided by the Moody's agency to Šiaulių bankas over 8 years improved in five steps:

Moody's is one of the most influential international credit rating agencies investigating the ability of companies and states to meet their debt obligations.