Fitch Affirms Postbank’s Rating at A-

Fitch Ratings has affirmed Postbank’s rating at ‘A-‘. The agency affirms Postbank’s negative outlook and short-term IDR \'F2\', Individual \'C/D\' and Support \'1\'. Postbank’s outlook was changed to negative in February 2008 together with the change of Bulgaria’s outlook.
In determining the current rating of Postbank, Fitch’s analysts have taken into account the fact that in addition to its stable financial performance Postbank can rely on solid backing from its major shareholder EFG Eurobank Ergasias, whose rating remain steady at A/Stable.
According to experts from the international rating agency, Postbank’s membership in the international group is yet another guarantee for its financial stability.
Postbank, legally named Eurobank EFG Bulgaria AD, is a member of Eurobank EFG Group.
Eurobank EFG Group is a European banking organization with total assets of €77.3 bn.
The Group employs more than 24,000 people and offers its products and services both through its network of 1,700 branches and points of sale and through alternative distribution channels.