Moody’s Agency in its updated analysis of Cyprus RCB Bank kept its rating at B1 with stable outlook – it is the highest among all banks in the country.

Analysts highlighted the high quality of the bank’s assets, low ratio of overdue loans and high capital adequacy. They welcomed RCB Bank’s efforts to expand domestic and international operations and did not welcome the fact that the bank’s strategy also focuses on investing in technology to develop innovative products for its customers.

Kirill Zimarin, Chief Executive Officer of RCB Bank, said: “In the context of an unprecedented and fragile economic environment that has impacted not only the economy of Cyprus but also the world, Moody’s confirmation of RCB Bank’s stable financial position in terms of capital and liquidity is of particular importance. It is this continuity, both in terms of profitability and ratings, that allows us to look to the future with confidence and to be able to support our clients and through them the economy of Cyprus as a whole”.