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Abu Dhabi Islamic Bank - Fitch rating reflects the sound liquidity and adequate capitalisation

Posted on 22 February 2010

From Globalarabnetwork.com: The affirmation of ADIB’s Long- and Short-term IDRs and Support Rating reflects the extremely high probability of support from its shareholders and the UAE authorities, in case of need. Fitch’s opinion of likely support is based on the long history of support for banks in the UAE, ADIB’s prominent shareholders and the bank’s domestic Islamic franchise.
The affirmation of the Individual Rating reflects the bank’s sound liquidity and adequate capitalisation. It also reflects high concentrations in financing and asset quality deterioration in 2009……………………Full Article: Source

 
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