trending Market Intelligence /marketintelligence/en/news-insights/trending/_adalzWFYz43X07t6mnHCw2 content esgSubNav
In This List

Fitch affirms Banco BICE

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Fitch affirms Banco BICE

Fitch Ratings on March 30 affirmed Banco BICE's viability rating at "bbb+" and foreignand local currency long-term issuer default ratings and BBB.

Fitch also affirmed the bank's foreign and local currency short-termissuer default ratings at F2, support rating at 3 and support rating floor at BB+.The long- and short-term national ratings were affirmed at AA(cl) and N1+(cl), respectively.The long-term ratings hold a stable outlook.

The ratings are driven by Banco BICE's intrinsic creditworthinessand are highly influenced by the bank's consistent long-term business strategy thathas yielded resilient results across economic cycles, Fitch said. The ratings alsobalance factors like the bank's low risk-appetite and sound asset quality with itscomparably small size and weaker capital ratios.

BICE has demonstrated an adequate ability to balance risks andreturns in times of credit stress and volatile financial markets, Fitch said.