28 December 2010
AMMAN (JT) -- Standard and Poor's, the international credit rating agency affirmed on December 22 the ratings of Arab Bank Group at "A-" with "stable" outlook, according to a bank's statement. The ratings reflect Arab Bank's strong financial strength, high asset quality and robust capitalisation as represented by its high capital adequacy ratios that exceed the requirements set by regulatory authorities.
The ratings further reflect the bank's conservative approach in managing risks, and its prudent balance sheet management and liquidity, said the statement. Abdul Hamid Shoman, the executive chairman of Arab Bank, stated: "The affirmation of the distinguished ratings, notwithstanding the global financial crisis, reflects the bank's sound banking strategies and the confidence of the rating agencies."
AMMAN (JT) -- Standard and Poor's, the international credit rating agency affirmed on December 22 the ratings of Arab Bank Group at "A-" with "stable" outlook, according to a bank's statement. The ratings reflect Arab Bank's strong financial strength, high asset quality and robust capitalisation as represented by its high capital adequacy ratios that exceed the requirements set by regulatory authorities.
The ratings further reflect the bank's conservative approach in managing risks, and its prudent balance sheet management and liquidity, said the statement. Abdul Hamid Shoman, the executive chairman of Arab Bank, stated: "The affirmation of the distinguished ratings, notwithstanding the global financial crisis, reflects the bank's sound banking strategies and the confidence of the rating agencies."
© Jordan Times 2010
