Pakistan Credit Rating Agency Limited Maintains The Ratings Of Bank Al Habib Limited

Lahore, June 18, 2012 (PPI-OT): The Pakistan Credit Rating Agency (PACRA) has maintained long term and short term entity ratings of Bank AL Habib Limited at “AA+” (Double A Plus) and “A1+” (A One Plus), respectively.

The ratings of two listed, unsecured subordinated TFCs issues of PKR 1,350mln and PKR 1,500mln and two privately placed, unsecured subordordinated TFCs issues of PKR 2,000mln and PKR 3,000mln have also been maintained at “AA” (Double A). These ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.

The ratings reflect BAHL’s strong performance, exceptional asset quality, and stable financial profile. The ratings draw comfort from the bank’s experienced management team with prudent risk management practices.

The ratings incorporate the bank’s ability to capitalize on its expanded branch network augmenting deposit mobilization. The management continued to place deposits in liquid investments while seeking diversification in its advances portfolio at the same time.

For more information, contact:
Hammad Rashid
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com

Leave a Reply