The credit agency Moody's Ratings took an unprecedented step by raising the long-term deposit rating of Municipal Bank AD from Ba3 to Ba2, accompanied by a stable perspective. Simultaneously, the long-term counterparty risk rating was upgraded from Ba2 to Ba1.
The agency's experts justified their decision with a series of key factors that demonstrate the financial institution's exceptional potential. Among the leading reasons for the upgrade are sustainable financial results, remarkable profit generation capacity, and significant improvement in profitability.
The bank's capital and liquidity indicators were determined to be extremely solid. An additional positive highlight in the assessment was the improved macroeconomic environment in Bulgaria, including the prospect of joining the Eurozone in 2026.
Statistical data convincingly confirm the successful strategy of Municipal Bank. In 2024, the institution's assets grew by an impressive 5%, while net operating income jumped by 19%. Total capital adequacy reached 21.87%, which is significantly above the regulatory threshold of 16.95%.
The bank's market penetration in lending continues to deepen. The institution is establishing itself as a preferred financial partner among individual and corporate clients. Particularly indicative is the extremely low share of non-performing loans - just 1.4%, compared to the average of 3.4% for the banking sector in the country.
As an additional attractive element, Municipal Bank introduced a new mobile application "MB-mobile" in 2024. The application is distinguished by intuitive navigation and biometric operation confirmation capabilities, which attracts more and more users.
This credit leap not only reinforces Municipal Bank's reputation as a stable financial institution but also sends a strong signal to international investors about its potential and future development.