Fitch Ratings assigned ProCredit Bank Makedonija a long-term foreign currency credit rating of 'BB' and a long-term local currency credit rating of 'BB+'.

This rating is based on Fitch Ratings' observations that this bank would receive the potential support of its shareholders if needed, and it is supported by Macedonia's maximal credit rating of 'BB'.

Borislav Kostadinov, general manager of ProCredit Bank, stated that this is the first bank in Macedonia to receive a credit rating of 'BB' from Fitch Ratings. This is the maximum credit rating that an institution can receive in this country.