CAPITAL INTELLIGENCE AFFIRMS QIIB’S ‘A-‘RATING WITH A ‘POSITIVE’ OUTLOOK
It also affirmed the bank’s long and short term foreign currency ratings at ‘A’ and ‘A2’ respectively, clearly indicating the bank''''s strong position and credit worthiness.
On the grounds of the QIIB rating affirmation, Capital Intelligence said that the bank maintained the profitability level of the operational activities and its high quality assets, as well as high levels of liquidity; in addition to maintaining the capital adequacy at a good level and working to its enhancement through the issuance of capital instruments eligible under the first tranche of the capital.
QIIB Chief Executive Officer Mr Abdulbasit Ahmed Al-Shaibei commented on the rating affirmation and said: "As an active participant of the Qatari banking sector, we at QIIB are pleased with every success we achieve. And every step confirms that we are moving forward and dealing with the developments based on the interest of our shareholders and customers and in line with the growth of Qatar''''s economy from which we draw our strength and gain consistent financial position.”