OREANDA-NEWS. April 13, 2012. Standard& Poor’s ratings agency  said.  It  had  revised  its outlook  on Azerbaijan-based  AGBank  to stable  from  negative, reported the press-centre of AGBank.

At the same time, the long and short term, counterparty   credit ratings were affirmed   at B-/stable/C, the agency has said.

“We note, that, overall, amid   the easing   economic   environment , AGBank has improved  the credit quality  of its loan portfolio”, it said in a press agency.

The Bank’s total assets reached AZN 318.9 mln at 1, January 2012. Also, the Bank’s net profit for the year ended 31 December 2011 amounted to AZN 3,88 mln.