The Islamic International Rating Agency (IIRA) has reaffirmed the ratings of Bank ABC Islamic at A+(bh) (Single A Plus)/A1(bh) (A One) on the national scale (long term and short term respectively), and A- (Single A Minus)/A2 (A Two) on the international scale with a “Stable” outlook on the ratings. The bank has posted substantial growth in assets over last year and continuing in the present year, with commensurate improvement to profitability indicators, said a report in the Gulf Daily News (GDN), our sister publication.

 

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