MoraBanc closed the fiscal year of 2013 with 42.4 mln of profit and increased the capital ratio up to 33.5%. The bank says that in 2013 the capital ratio of MoraBanc proceeds its positive trend and currently stays at its record level of 33,5% which gives the reason to be considered one of the most reliable banks in the world. It should be mentioned that in accordance to EU standards capital ratio can’t be lower than 10%, and the majority of EU banks have the indexes that do not surpass 15%.
Press-release also says that the bank strategy, based on the highest concept of security, was highly appreciated by Fitch rating agency that honored MoraBanc with the following ratings: long-term A-; short-term F2. “The discovery of new markets abroad allowed us to increase the level of trust to our group and win over such international awards of 2013 as the bank of the year in Andorra in accordance to “the Banker” magazine and “Financial Times Group”. In particular, the group has solidified its presence in Dubai (UAE) and in Montevideo (Uruguay).