S&P Global Ratings has raised the long-term issuer credit rating of Banka Kombëtare Tregtare (BKT) to 'BB' from 'BB-', assigning a stable outlook. This upgrade lifts BKT’s rating to the maximum achievable level for a commercial institution in Albania, matching the sovereign credit rating of the Republic of Albania. Under S&P's methodology, commercial entity ratings are capped at the level of the host country's sovereign rating.

The agency attributed the upgrade to reduced economic risks and an improving operating environment across BKT's core markets, alongside strong internal risk management. Key evaluation factors include:

• High-Quality Investment Portfolio: S&P highlighted BKT’s conservative securities portfolio, noting that non-domestic holdings maintain an average rating of 'A-', significantly above Albania's 'BB' sovereign rating.

• Regional Subsidiary Performance: The agency recognized strengthening economic fundamentals and sound asset quality in Kosovo, where BKT Kosova accounts for approximately 20% of the bank's total credit exposures.

• Market Leadership & Financial Strength: As Albania’s largest bank, BKT’s dominant market position, robust capital buffers, and strong return on equity continue to support a resilient overall credit profile.

This upgrade by S&P Global Ratings represents an important milestone for BKT and further recognition of its disciplined business model, prudent risk management, experienced leadership and consistent financial performance. Reaching Albania’s sovereign rating ceiling reinforces BKT’s position as a leading financial institution in Albania and the region and its continued commitment to supporting sustainable economic development and financial stability.