Fitch affirms Qatar Islamic Bank rating at ‘A’ - The Peninsula Qatar

Fitch affirms Qatar Islamic Bank rating at ‘A’ - The Peninsula Qatar:

"Fitch Ratings has affirmed Qatar Islamic Bank’s (QIB) Long Term Issuer Default Rating (IDR)at ‘A’. The rating of QIB reflects its strong and well-established franchise in Qatar, with a market share of about 10 percent of total banking system assets at end-2017. It also factors in adequate profitability, sound asset-quality metrics, satisfactory capital ratios and sufficient liquid assets. QIB reported sound financial performance in 2017 due to an improvement in its net financing margin."



'via Blog this'