Scope Ratings has updated its rating report on Georgian JSC Microbank MBC, rated B+ with Negative Outlook.

The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

The periodic review has resulted in no rating action.

The affirmation reflects the credit-neutral impact of the planned acquisition of Austrian Anadi Bank AG, with Hypo-Bank Burgenland AG becoming the bank’s sole owner. Closing of the transaction is expected for February 2026.

This publication does not constitute a rating action.

The affirmation reflects the maintenance of low business risks and Scope’s expectation that Eidsiva will contain financial risks amid high capex needs, albeit with limited headroom for underperformance.

The affirmation reflects Scope’s view that, despite weaker credit metrics following space and defence transactions, the financial risk profile remains in line with the current assessment, while the business risk profile is unchanged.