Bulgarian Credit Rating Agency (BCRA) assigned long-term financial strength rating BBB+ with positive perspective to Bulgarian Development Bank AD and keeps the short-term rating of A-2. The rating is considered as an investment rating and is upgraded in comparison with the actualization as at the end of 2009 (BBB with positive perspective).
The rating assigned as at 23.09.2010 reported the high ratio of the capital adequacy of BDB AD that exceeds the average for the banking system as well as the good resource security and adequate profitability. In 2009 the capital base increased with 157% compared to 2008 because of the BGN 375 000 thousands paid in relation to the increase of the share capital of the bank. The report reflects the wide network of international financial institutions and partner banks of BDB AD and the good diversified credit portfolio.
