09.04.2013 - Qatar Islamic Bank ratings affirmed
Capital Intelligence, the international credit rating agency, announced that it has affirmed Qatar Islamic Bank (QIB)'s Financial Strength Rating (FSR) of 'A', which reflects the Bank's strong Islamic banking franchise, evidenced by substantial growth in financings and customer deposits, a strong net financial income differential, and the Bank's good capitalisation. The FSR remains constrained by pressure on financing and investment asset quality, concentration risks, and weak performance on investments. Although at the current level the Bank's weaker credit metrics would normally elicit a downward adjustment in the FSR, CI is of the opinion that new management has begun to place the bank on a better trajectory. (Press Release)