The rating reflects the focused business model of microcredit lending in the Georgian financial sector, supportive earnings capacity and risk exposures and adequate financial viability management.

The rating affirmation reflects the bank’s continued solid operating performance.

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

Scope Ratings has updated its rating report on Georgian MFO Rico Express LLC, rated B+ with Stable Outlook.

Rating affirmation reflects the group’s robust operating performance and strong prudential metrics.

The periodic review has resulted in no rating action.

The upgrade reflects Scope’s view that BPS will become part of the stronger BPER group.

Scope Ratings has updated its rating report on Georgian Finbureau LLC, rated B with Stable Outlook.

Scope Ratings has updated its rating report on Intesa, rated A with Stable Outlook.

The rating on Danske Mortgage Bank PLC’s Finnish mortgage covered bonds (Katettu joukkolaina) reflects the issuer's A+/Positive rating enhanced by four notches from governance support. Another four notches provide a buffer against an issuer downgrade.