The Pakistan Credit Rating Agency (Pacra) has upgraded the long term entity rating of KASB Bank to A minus while maintaining the short term entity rating at A 2, which denotes a low expectation of credit risk emanating from a strong base for timely payment of financial commitments.
They reflect the bank's improved capacity to withstand competitive pressures and forge ahead with planned business growth including human resource management. Compared to its peers the merger with International Housing Finance Limited will give a head start to the bank - augmenting the capital base by placing the ratings on Rating Watch with positive implications.-PR
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