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Baltic International Bank has terminated its contract with Moody’s

News - February 12, 2014

Baltic International Bank has decided to no longer use services provided by the international rating agency Moody’s Investors Service. With the co-operation being over, the agency-assigned ratings remain at the current level.

„Our vision of the criteria for evaluating banking performance is quite different, because the criteria don’t take account of Bank-specific activity and customer focus. This is the primary reason behind termination the cooperation with Moody’s. In our case, assessments provided by the ratings agencies fail to give an unbiased view of Bank’s performance. We’ll continue providing a broad range of information to our clients, partners and community to keep them informed of Bank’s performance and development”, says the Chairperson of the Board Ilona Gulchak.

Among its peer banks in Latvia, Baltic International Bank excels as one of the most experienced bank in providing highly personalised service for high net worth individuals and corporates. Bank-offered advantages include a bespoke approach, stable partnership and top-level services targeted specifically towards preserving and growing customers' wealth. Bank operates its overseas representative offices in London, Moscow and Kyiv. 

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