PACRA assigns Broker Management Rating to Arif Habib Limited
Lahore, January 16, 2018 (PPI-OT):Broker Management Rating of Arif Habib Limited captures its leading position in the country’s brokerage industry emanating from established franchise, deep relationship with diverse customer base, and strong system share. This is underpinned by its well-developed transactions execution and monitoring system, acclaimed research, strong control environment, and good governance framework. It offers various value added services to its clients including online trading terminal, research portal and mobile app. Strong IT infrastructure emplaced under proper guidance of IT steering committee to ensure uniform efficiency.
In addition to brokerage, AHL enjoys distinct position in investment banking and advisory domain. This provides deeper penetration into client base. Credit risk – customer’s receivables and funding – remains low. AHL has high exposure to market risk. It maintains sizeable strategic and trading book. Related risks are managed through well-defined investment policy. Liquidity risk is supported by firm commitment from sponsor for strategic book. AHL enjoys robust profitability. The rating requires upholding strong control and governance framework, continuing update of client servicing tools, and careful monitoring of risks – mainly liquidity and conflict of interest – emanating from investment activities.
For more information, contact:
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425