SBI Savings Bank Achieves 'A' Credit Rating for Five Consecutive Years

SBI Savings Bank announced on July 6 that it has received an 'A' credit rating and a stable outlook from Korea Credit Rating Agency (KCR).

This follows a similar 'A' rating awarded by NICE Investors Service the previous week. With this achievement, SBI Savings Bank becomes the first single savings bank to maintain an 'A' credit rating from major domestic credit rating agencies for five consecutive years.

KCR stated that the 'A' rating reflects the bank's top-tier market position, solid capital ratio, liquidity, and the potential support from Kyobo Life Group in times of need.

The agency also noted that SBI Savings Bank's strong loss absorption capacity and risk management capabilities suggest it will maintain stable financial health even in unfavorable operating conditions, leading to the stable outlook.

A representative from SBI Savings Bank commented, "Receiving an 'A' credit rating from major domestic credit rating agencies for five consecutive years reaffirms our stability and trustworthiness. We will continue to work hard to enhance the trust of our customers and the market."