Fitch Ratingson July 21 affirmed the long- and short-term national ratings of at AA-(nic) andF1+(nic), respectively.

The outlookis stable.

The ratingsreflect the bank's robust profitability, low impairment of assets, stable fundingand good liquidity, Fitch said. However, they are also limited by the concentrationof its portfolio in government securities and assets that are below regional bankswith better credit profiles.