Doha Bank’s Long-Term Foreign Currency Rating Raised To ‘A+’

March 26, 2017

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, announced last week that it has affirmed Doha Bank’s (DB) Financial Strength Rating (FSR) at ‘A’. The principal supporting factors are the Bank’s good capital base (currently being further augmented by a rights issue) and good overall asset quality. While the NPL ratio    is above average for the peer group, so is the more than full loan-loss reserve coverage, and taken together, the asset quality position is seen as being sound.

Commenting on the rating Dr. R. Seetharaman Doha Bank CEO said “These ratings recognises Doha Bank’s sustainable business model in response to changing market conditions in Qatar and in overseas.”