Mubasher: Capital Intelligence (CI) has affirmed Boubyan Bank’s Financial Strength Rating (FSR) at “BBB+”, with a “Stable” outlook.
This credit rating boosts the bank’s default credit facilities rate, which is considered very low, according to a recent report by CI.
Boubyan Bank’s has a solid capital adequacy ratio (CAR) as well as an improvement in profitability levels, CI’s report added.
The controlling stake of the National Bank of Kuwait (NBK) in Boubyan Bank has endorsed Boubyan’s financial position, this means acquiring loans when needed.
CI has affirmed Boubyan Bank’s short- and long-term foreign currency ratings at “A” and “A1”, respectively.
