Banking
Posted: 2 weeks ago

Moody's Elevates Liberty Bank's Outlook to Stable

International ratings powerhouse Moody's has boosted Liberty Bank's long-term outlook to a 'stable' status.

This upgrade reflects the significant strides Liberty Bank has made in recent years, showcasing a robust recovery and a notable increase in profitability following the challenges posed by the Covid pandemic.

During this period, the bank successfully rolled out a credit portfolio that benefited the small and medium-sized enterprise (SME) sector, amounting to up to 1 billion GEL.

Moody's highlighted the bank's positive trajectory towards refining its business model and its evolution into a universal banking institution. The rating agency also commended Liberty Bank's efforts in diversifying its financing sources and its strict adherence to the National Bank's regulatory framework.

The positive revision of the bank's outlook by Moody's signifies the agency's confidence in Liberty Bank's ability to sustain its growth momentum and profitability into the foreseeable future.