Doha Bank’s Long-Term Foreign Currency Rating Raised to ‘A+’: All Other Ratings Affirmed and Outlook Revised to ‘Stable by Capital Intelligence.
March 27, 2017 at 05:24 am EDT
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Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, announced last week that it has affirmed Doha Bank's (DB) Financial Strength Rating (FSR) at 'A'. The principal supporting factors are the Bank's good capital base (currently being further augmented by a rights issue) and good overall asset quality. While the NPL ratio is above average for the peer group, so is the more than full loan-loss reserve coverage, and taken together, the asset quality position is seen as being sound.
Commenting on the rating Dr. R. Seetharaman Doha Bank CEO said 'These ratings recognises Doha Bank's sustainable business model in response to changing market conditions in Qatar and in overseas.'
Doha Bank QSC published this content on 26 March 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 March 2017 09:24:14 UTC.
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Doha Bank QPSC is a Qatar-based financial institution engaged in the banking sector. The Bank is organized into the following business segments: Corporate Banking, which provides a range of products and services to business and corporate customers, including funded and non funded credit, facilitates deposits to corporate customers, as well as undertakes funding and centralized risk management activities through borrowings, issue of debt securities, use of derivatives for risk management purposes and investing in liquid assets, such as short term placements and corporate and government debt securities; Retail Banking, which provides a range of products and services to individuals, including loans, credit cards, deposits and other transactions with retail customers, as well as Insurance Activities.
DOHA BANK Q.P.S.C. 
