Mubasher: Capital Intelligence has reaffirmed its rating for Ahli Bank’s financial strength rating (FSR) at 'A-' with a stable outlook.
The long and short-term foreign currency ratings (FCRs) were also affirmed at 'A' and 'A2', respectively, with a negative outlook in line with that of the sovereign.
The rating agency relied on the bank’s good asset quality that reached $10.3 billion, supported by a capital base of $1.5 billion.
The very good asset quality reflects a consistently low rate of estimated non-performing loan (NPL) accretion and has allowed the bank to keep the cost of credit at a correspondingly low level, Capital Intelligence said.
For the first half of 2018, Ahli Bank’s profits grew 3.2% to QAR 353.24 million, from QAR 342.21 million in H1-17.
