NBB's rating was raised following Moody's announcement to upgrade the Kingdom of Bahrain's country ratings which included the upgrade of the foreign currency ceiling for on-shore bank deposits.
The Bank's Financial Strength Rating of C- (C minus) remains the highest assigned by Moody's to any bank based in Kingdom of Bahrain.
The Bank's Managing Director and Chief Executive, Mr. Hassan Ali Juma said 'The latest rating upgrade reflect the continued strengthening of the Bank's strong balance sheet, prime asset quality and sound financial position.'
National Bank of Bahrain is the country's leading provider of commercial and retail banking services with the largest banking network extending to 25 branches and 42 automatic teller machines.
NBB's foreign currency deposit rating soars
National Bank of Bahrain's foreign currency deposit rating was upgraded recently by Moody's Investor Service to A2 (Long Term) and Prime-1 (Short Term) from A3/Prime-2 with Stable Outlook.
- Bahrain: Sunday, August 05 - 2007 at 13:15
- PRESS RELEASE
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| Managing Director and Chief Executive, Mr. Hassan Ali Juma. |
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Posted by Medilyn Manibo, Assistant News EditorSunday, August 05 - 2007 at 13:15 UAE local time (GMT+4)
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