Doha – Mubasher: Capital Intelligence (CI), the international credit rating agency, affirmed the financial strength rating of Qatar Islamic Bank (QIB) at ‘A’ and upgraded the outlook to ‘Stable’.
CI also maintained long- and short-Term foreign currency ratings at ‘A’ and ‘A2’ respectively, reflecting the bank’s intrinsic financial profile, according to a bourse filing.
Last week, Bank of England imposed a fine worth £1.385 million ($1.9 million) on a U.K. unit of QIB for violating capital requirements.
