Moody’s assigned E+ to MB’s standalone credit

Military Bank has been assigned E+ for standalone credit assessment or B2 on a long-term scale indicating relatively healthy finance conditions compared to other regional credit institutions as well as sound liquidity and asset quality.

This international credit rating firm Moody’s also highly appraised the local lender in terms of profitability, capital adequacy ratio and efficiency which was all assigned A in 2011. Other ratings for this bank that were announced in December 2010 remained unchanged.

MB’s performance results reported outstanding credit growth that surged 11.6pct as of 30 June 2012 accomplishing 95pct of the year target and up 24.4pct year-on-year.

Also, Moody’s affirmed E+ ratings for ACB one week earlier on good operational efficiency, liquidity and asset quality. Yet, this agency warned weaker-than-normal loss-absorption capacity, high individual lending rate and risks from the internal business environment.

 

Category: Finance