Prime Bank has retained its credit ratings for the long term and the short term illustrating its financial strength and stability.
Emerging Credit Rating Limited (ECRL) has affirmed ‘AA’ for the long term and ‘ST-2’ for the short term credit rating to Prime Bank which will be valid till June 30, 2022, a press release said.
The ratings reflect the strength of the bank which is backed by growth in loan, deposit and total assets despite adverse industry condition, strong capital base, good post-tax profit and experienced and well-organized management team.
ECRL hails Prime Bank by stating that the bank’s biggest strength lies in its capacity to meet financial commitments.
Hassan O. Rashid, Managing Director and CEO of Prime Bank said, “Prime Bank is rooted to a solid financial foundation thanks to its asset quality, strong relationship with the customers and an extensive distribution network covering the entire country.”
