BGPB’s ratings by the international rating agency Fitch Ratings:
|
Year |
Long-term IDR |
Short-term IDR |
Viability Rating |
Support Rating |
Outlook |
| 2018 | B | B | b | 4 | Stable |
|
Year |
Long-term IDR |
Short-term IDR |
Viability Rating |
Support Rating |
Outlook |
| 2018 | B | B | b- | 4 | Stable |
| 2017 | B- | B | b- | 5 | Positive |
| 2017 | B- | B | b- | 5 | Stable |
| 2016 | B- | B | b- | 5 | Stable |
| 2015 | B- | B | b- | 5 | Stable |
| 2014 | B- | B | b- | 5 | Stable |
| 2013 | B- | B | b- | 5 | Stable |
| 2012 | B- | B | b- | 5 | Stable |
| 2011 | B- | B | b- | 5 | Negative |
| 2010 | B | B | NA | 4 | Stable |
| 2009 | B | B | NA | 4 | Negative |
| 2008 | B | B | NA | 4 | Stable |
| 2007 | B | B | NA | 4 | Stable |
| 2006 | B- | B | NA | 5 | Stable |
| 2005 | B- | B | NA | 5 | Stable |
On 27 June 2018 Fitch Ratings has upgraded Belgazprombank’s Viability Rating (VR) to "b" from "b-". It has also affirmed the Long-Term Issuer Default Ratings (IDRs) of Belgazprombank at "B" with Stable Outlook. The upgrade of VR reflects Belgazprombank’s track record of more stable asset quality performance and profitability compared to Belarusian peers. Fitch’s view of Belgazprombank’s stronger loan quality is driven by the bank’s consistently low non-performing loans (NPLs overdue by more than 90 days) and limited restructured loans.
On 1 February 2018 Fitch Ratings upgraded Long-term IDR and Support Rating of Belgazprombank to "B" from "B-" and to "4" from "5" correspondingly. The rating action followed the Fitch's upgrade of Belarus’s sovereign Long-term IDRs and Country Ceiling to "B’ from "B-". IDRs of Belgazprombank enjoying support from its higher-rated Russian parents (PJSC Gazprom (BBB-/Positive) and Gazprombank (Joint - stock Company) (BB+/Positive)) was sensitive to the country ceiling and, as Fitch reported, could be further upgraded following the agency’s positive decision towards Belarus in future.
On 31 July 2017 Fitch Ratings affirmed Long-term IDR of Belgazprombank at "B-" with improved Outlook to Positive from Stable. The rating action followed the revision of Outlooks on "B-" Belarus sovereign ratings to Positive from Stable. The revision of Outlook on Belgazprombank’s IDR reflected the likelihood of it being upgraded once the sovereign ratings were upgraded and the country ceiling was revised to "B" from "B-".
In July 2017 Fitch Ratings once again affirmed the Long-term IDR of Belgazprombank at "B-" with Stable Outlook. Fitch Ratings remained confident in the support of the Russian shareholders of Belgazprombank (jointly owned by PJSC Gazprom (BBB-/Stable) and Gazprombank (Joint - stock Company) (BB+/Stable)) in case of need and their commitment to the Belarus market evidenced by the recapitalization of the bank through a subordinated loan provided to it in 2015. At the same time Belarus' Country Ceiling (B-) had a moderate influence on the Bank’s long-term IDR at "B-" level.
In July 2016 Fitch Ratings affirmed the Long-term IDR of Belgazprombank at "B-" with Stable Outlook. The Fitch's estimation of IDR reflected the likelihood of support the bank might receive from its Russian shareholders. Fitch's view of potential support was based on the tight integration links between the Bank and its parent companies, continued strong commitment of the Russian owners to the Belarus market, common branding (implying high reputational risks in case of a subsidiary default), the track record of support to date and the low cost of any support required (given that Belgazprombank accounted for a small part of parent entities' consolidated assets).
In August 2015 Fitch Ratings reconfirmed the Bank’s IDRs at "B-" with the "Stable" outlook. The Agency noted tight integration links between the Bank and the parent companies, continued strong commitment of the Russian owners to the Belarus market, which was evidenced by the provision of USD 150 mln subordinated loan in 1Q 2015, as well as low cost of any potential support and its constant availability in case of need.
In December 2014 Fitch Ratings confirmed the Bank’s IDRs at "B-" with the "Stable" outlook. At the rating evaluation the agency stressed importance of the ownership structure and tight integration links between the Bank and the parent companies, which was expressed in the Russian shareholders’ interest in business development on the Belarus market, low cost of any potential support and its constant availability in case of need.
In August 2011 Fitch Ratings downgraded the Long-term IDRs of six Belarusian banks, including Belgazprombank, from "B’ to "B-". The downgrade reflects the rating agency's revision of the sovereign and country risks of the Republic of Belarus.
In March 2011 Fitch Ratings affirmed BGPB’s Long- and Short-term IDRs at "'B", Individual rating – at "D/E", Support rating – at "4" and revised the outlook from "Stable" to "Negative", which reflected Fitch's view that the financial position of a sovereign issuer was weakened significantly during the 4Q 2010 and in the beginning of 2011.
In October 2010 Fitch Ratings revised its outlook on Long-term IDRs of four Belarusian banks with foreign capital. As a result BGPB’s Long-term IDR was affirmed at "B" and the outlook was changed from "Negative" to "Stable".
In July 2009 Fitch Ratings changed the outlook from "Stable" to "Negative". The "Negative" outlook reflected the growing risk that deteriorating macroeconomic conditions and external finance of the Republic of Belarus could weaken sovereign creditworthiness and lead to an increase of transfer and convertibility risks.
In April 2009 Fitch Ratings upgraded the Bank's individual rating to "D/E" from "E".
In October 2007 Fitch Ratings upgraded BGPB’s Long-term IDR to "B" from "B-" and Support Rating to "4" from "5".
In March 2005 Fitch Ratings assigned Belgazprombank the following ratings: IDR at "B-", Short-term Rating at "B", Individual Rating at "E", Support Rating at "5", outlook stable.