���������ֳ�

Fibabanka Anonim Sirketi’s Long-Term Issuer Default Ratings are driven by its standalone creditworthiness, as captured by its Viability Rating (VR). The VR reflects its limited franchise, only adequate capitalisation, and refinancing risks, but also its above-sector-average profitability supported by its digital offering and stable asset quality performance. The Positive Outlooks reflect improvements to the operating environment. The bank’s operations are concentrated in Turkiye. The normalisation of monetary policy has reduced near-term macro-financial stability risks and decreased external financing pressures. Banks remain exposed to high inflation, potential further lira depreciation, slowing economic growth, and macroprudential regulations, despite recent simplification efforts.