CRISL updates Shahajalal Islami Bank's rating
Credit Rating Information and Services Limited (CRISL), a rating agency, has upgraded the rating of Shahajalal Islami Bank Limited to 'BBB-' from 'BB' in the long term and to 'ST-3' from 'ST-4' in the short term.The rating was made on the basis of the bank's visible developments in some of the operational areas including capital adequacy, asset quality, business growth, operational efficiency and financial performance, says a press release. Muzaffar Ahmed, president and CEO of CRISL, hands over the credit rating report to M Kamaluddin Chowdhury, managing director of the bank, at a function in Dhaka recently. Among others, deputy managing directors of the bank Md Jillur Rahman and Muhammad Ali were present.
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Muzaffar Ahmed, president and CEO of CRISL, hands over the credit rating report to M Kamaluddin Chowdhury, managing director of Shahajalal Islami Bank Limited, in Dhaka recently. Among others, deputy managing directors of the bank Md Jillur Rahman and Muhammad Ali were present. Photo: Shahajalal Islami Bank |
