News & Credit Rating Announcements
12 April 2018 | Country: Qatar | Bank: Qatar Islamic Bank SAQ
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Qatar Islamic Bank’s Ratings Affirmed
Overview
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, announced today that it has affirmed Qatar Islamic Bank's (QIB) Financial Strength Rating (FSR) of 'A', with a 'Stable' Outlook. However, this Outlook continues to be subject to some pressure due to still rather tight liquidity despite the improvement seen in 2017. The FSR is supported by good overall capital adequacy including a strong and improved CET-1 ratio, generally good asset quality, and improved estimated net financing margin and operating profitability, which is underpinned by a low cost base.
Attachments
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View Credit Rating Announcement (CRA)
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Bank Rating Report (Qatar, Qatar Islamic Bank SAQ)
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