The Pakistan Credit Rating Agency (Pacra) has maintained both long-term and short-term ratings of Metropolitan Bank Limited at 'AA+' (Double A Plus) and 'A1+' (A One Plus), respectively. 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 MBL's strong competitiveness within its niche market and consistently robust performance.
The ratings also take into account the bank's higher capital adequacy ratio than most of its peers, emanating mainly from its Tier-1 capital, conservative and prudent approach to business, which is reflected in its sustained virtually infection free loan portfolio.
At the same time, the ratings factor in the bank's continuous efforts at strengthening risk management systems. The bank continues to distinguish itself in terms of product innovation as well as technological upgradation. This is consistent with the vision of management to retain leadership in service quality and operating efficiency.
MBL commenced its operations in 1992. The Chief Executive of the bank is a former Governor of the State Bank and also a former president of Habib Bank Limited, one of the largest banks in the country. MBL, with focus on corporate banking, is also strengthening its retail banking. In order to augment revenues, the bank is seeking diversification in business volumes and income streams. While some progress has already been made in this respect, further developments are under management's consideration.