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      Updated rating report on JSC Silk Bank

      7/8/2024 Monitoring note EN

      Updated rating report on JSC Silk Bank

      Scope Ratings has updated its rating report on JSC Silk Bank, rated B- with Stable Outlook.

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      Scope assigns a first-time public issuer rating of B- to Georgia-based Silk Bank. Outlook is Stable

      18/6/2024 Rating announcement EN

      Scope assigns a first-time public issuer rating of B- to Georgia-based Silk Bank. Outlook is Stable

      The issuer rating factors Scope’s views that the implementation of the bank’s medium-term transformation strategy is still at an early stage. Silk Bank ambitions to become profitable in 2026.

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