The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of NIB Bank Limited at A+ (Single A Plus) and Al (A One), respectively.
The ratings have been assigned a positive outlook, which denote a low expectation of credit risk, emanating from a strong capacity for timely payment of financial commitments.
The ratings reflect the bank's high-risk absorption capacity and very strong financial profile and international identity of the principal shareholder -Temasek. The rating also took into account the management's well-conceived strategy for aggressive penetration into commercial, small and medium enterprises (SMEs) and consumer segments through rollout of robust models with especially tailored products. NIB's ratings have been assigned a positive outlook, based on the potential benefits to arise from aggressive growth in the target markets.-PR