Moody’s Ratings Affirms Xalq Bank’s 2025 Credit Rating

Moody’s Ratings Affirms Xalq Bank’s 2025 Credit Ratings with a Stable Outlook

International credit rating agency Moody’s Ratings has completed its assessment of Xalq Bank’s performance for 2025 and affirmed the Bank’s ratings with a stable outlook. The agency confirmed Xalq Bank’s Ba3 long-term local and foreign currency deposit ratings and its Ba2/NP short- and long-term Counterparty Risk Ratings (CRR) in both local and foreign currencies.

Moody’s Ratings also affirmed the Bank’s Baseline Credit Assessment (BCA) at b1.

According to Moody’s analysts, the b1 BCA reflects Xalq Bank’s strong capital position, stable profitability, sound liquidity profile, and stable deposit base.

The agency positively assessed the Bank’s return on average assets (ROA), which remained above 2%, noting that Xalq Bank has delivered consistent profitability over the past three years, supported by a strong net interest margin, prudent loan loss provisioning, and effective cost management.

The report also states that the stable outlook on the Bank’s Ba3 long-term local and foreign currency deposit ratings reflects Moody’s expectation that Xalq Bank’s credit fundamentals will remain broadly stable over the next 12–18 months.