Moody’s decision is based on progress the bank has demonstrated over the years. Particularly, the bank managed on recover and increase its profitability after COVID shock period. MSME GEL 1 bln portfolio’s underwriting was done during the same period of time. The Agency says there are fundamental improvements in bank’s profile in terms of developing business model and building up universal bank structure.
Also, high diversification of funding base and meeting all prudential requirements are a big positive side for the Liberty Bank.
The Agency’s decision to improve long term outlook indicates on their positive expectation for growth and high profitability in the future.
