MBC's Credit Rating Upgraded to B+ Stable

Leading European rating agency Scope Ratings has upgraded Microbank MBC's credit rating from B (Positive) to B+ (Stable).

According to Scope Ratings, the upgrade is driven by MBC's improved financial performance and its transformation into the first licensed microbank. This transition, in turn, entails the organization's adherence to even stricter regulations, alongside enhancements in its sustainability and credit capabilities.

As assessed by Scope Ratings, MBC has demonstrated its financial stability through its compliance with stringent international standards. Furthermore, the company's risk management system aligns with the regulatory framework established for commercial banks operating in the Georgian market.