Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Qatar Islamic Bank’s (QIB’s) Financial Strength Rating (FSR) of ‘A’, which reflects the Bank’s overall strong credit metrics, a robust operating environment and QIB’s franchise as the leading Islamic bank in Qatar.
Notwithstanding substantial consolidation of the Bank’s core business activities last year, a ‘Negative’ Outlook is assigned to the FSR, in view of the continued decline in the Bank’s profitability over the past three years………………………………………..Full Article: Source