Creditwest Bank International Rating AA-

CreditwestRep


Joined: 04/11/2008
Posts: 214

Message Posted:
21/12/2009 14:53

I am very proud to announce that JCR Eurasia Rating has assigned a credit rating of (AA-(Trk)) along with a ‘positive’ outlook to Creditwest Bank on the long term national scale, which denotes the “very high investment grade” criterion.

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
21/12/2009 15:00

Thanks and well done, but you told us that last week, still good to know.

rocky


Joined: 17/10/2007
Posts: 1749

Message Posted:
21/12/2009 17:30

sfunny didnt BICC, the Icelandic Banks and others have the triple A

newguy


Joined: 02/12/2009
Posts: 179

Message Posted:
21/12/2009 20:26

Hi creditwest do you or any other bank carry insurance as do the uk banks ie. the first £50000 of savings are safe in the event going to the wall

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
21/12/2009 21:51

newguy

All the banks here have this insurance. The banks have to pay a premium each year to the TRNC Central Bank of 1% of their total customer funds on deposit.

An amount of up to 20,000 euros per account (not per Bank) is covered.This means that you could in theory have 10 accounts each with a max. of 20,000 euros & 120,000 euros would be covered. You could have similar arrangements with many banks.

PS. I do not work for Creditwest. I'm just a satisfied customer.

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
22/12/2009 07:46

mess 3 - if the company i worked for had such a good credit rating in these dificult times, i'd be SHOUTING IT FROM THE ROOF TOPS.......

CreditwestRep


Joined: 04/11/2008
Posts: 214

Message Posted:
22/12/2009 09:03

Scruff you are absolutely right I hope that answers your question newguy. Cyprusquest you are right I did post last week but it didnt appear in the banking sector so I added the word "Bank" and reposted. The final A is politically based and as we all know we do not have the best situation here in the TRNC, nothing the bank could do to change this, but you have to consider that the AA rating is the first for a bank here in North Cyprus, plus we have also gotten full marks on a rating/evaluation the Central Bank conducted recently, which is another clear indication of our banks soundness...you can always ask your bank how they rated on a scale of 1 to 5 and then decide where you wish to bank.

CreditwestRep


Joined: 04/11/2008
Posts: 214

Message Posted:
22/12/2009 09:05

Thanks negativenick as you all know there is a global economic slow down going on right now so for a local bank to get such a good rating is a great achievement, but our bank puts all this success down to its customers and are proud to share it with them.

straitasadie


Joined: 14/09/2009
Posts: 450

Message Posted:
22/12/2009 09:12

10 accounts with 20,000 euros each is a total of 200,000 euros. so a 120.000 euros return is a 40% loss or

should i go back to school.

straitasadie


Joined: 14/09/2009
Posts: 450

Message Posted:
22/12/2009 09:13

10 accounts with 20,000 euros each is a total of 200,000 euros. so a 120.000 euros return is a 40% loss or

should i go back to school.

CreditwestRep


Joined: 04/11/2008
Posts: 214

Message Posted:
22/12/2009 09:18

Straitasadie you are right no need to go back to school.

straitasadie


Joined: 14/09/2009
Posts: 450

Message Posted:
22/12/2009 09:35

what is the most you can put in each account without losing any money due to a bank default

CreditwestRep


Joined: 04/11/2008
Posts: 214

Message Posted:
22/12/2009 11:16

20.000 Euros per account, this can be in any currency you wish.

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
22/12/2009 20:00

re. messages 10 & 11 repeated.

You are correct of course, 10 x 20 = 200. My mistake when I said 120,000. Senior moment. I usually cope with 20 times tables?

scruff


Joined: 15/07/2008
Posts: 1070

Message Posted:
22/12/2009 20:03

PS. Where do you live again? Osankoy or Ozankoy? We can all make mistakes.

CreditwestRep


Joined: 04/11/2008
Posts: 214

Message Posted:
30/12/2009 09:59

Wishing all Creditwest Customers and forum contributors a fantastic and healthy 2010.

newguy


Joined: 02/12/2009
Posts: 179

Message Posted:
10/01/2010 17:08

Hi creditwestrep could you possibley email me on gtaylor987@btinternet please got some questions need answers

CreditwestRep


Joined: 04/11/2008
Posts: 214

Message Posted:
11/01/2010 14:31

Hello Newguy, feel free to email on pazarlama@creditwestbank.com with all your questions.