PHOTO
The credit rating agency cited the bank’s diversified business model and quality of management as main factors in its credit rating, Fayed added in a statement on Sunday.
The bank’s rating was also based on its high profitability, ability to maintain an adequate return on average assets (ROAA), broad retail-based deposit funding profile, and adequate buffer of liquid assets.
The rating reflects the bank’s successful development plans and business strategy despite the challenges facing the sector due to the pandemic, he noted.
All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).