MOODY’S AF­FIRMS QIIB RAT­ING

Qatar Today - - BUSINESS -

Stress­ing on Qatar In­ter­na­tional Is­lamic Bank's (QIIB) high-qual­ity fi­nanc­ing port­fo­lio, among other cre­den­tials, Moody's af­firmed QIIB's rat­ing at ‘ A2' with a ‘sta­ble' out­look this month. Be­ing among the old­est Is­lamic banks in Qatar and pro­vid­ing out­stand­ing ser­vices in re­tail bank­ing went in the bank's favour. The bank also has high- qual­ity as­sets that ex­ceed $11 bil­lion (QR40 bil­lion), along with strong cap­i­tal and prof­itabil­ity, and main­tains good liq­uid­ity.

“We are pleased to main­tain strong in­di­ca­tors de­spite the lat­est eco­nomic developments that are re­lated to oil prices and global mar­ket prices. This proves that the Qatari econ­omy is strong and has all the fun­da­men­tals that can help it achieve more suc­cess. We at QIIB are part of this suc­cess and we rely on our po­si­tion in the county's strong econ­omy as well as on the growth fac­tors avail­able therein,” said Sheikh Khalid bin Thani bin Ab­dul­lah Al Thani, Chair­man and Man­ag­ing Di­rec­tor, QIIB.

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