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International Ratings Agency Fitch affirmed Ratings of Basisbank

International Ratings Agency Fitch has affirmed Basisbank’s ratings. Agency experts affirmed the Bank’s Long-term Issuer Default Ratings (IDR) at “B-” with a Stable Outlook. Basisbank’s ratings reflect that currently capitalization is adequate and non performing loans are low. Throughout the year the Bank made progress in diversifying the funding base – Fitch Ratings said in the statement.

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