Pakistan Credit Rating Agency maintains Entity Ratings of Habib Metropolitan Bank Limited
Lahore: PACRA has maintained the long-term and short-term entity ratings of Habib Metropolitan Bank Limited at AA+ (Double A plus) and A1+ (A One plus), respectively. The ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments.
The ratings reflect HMB’s association with a geographically diversified and financially strong international bank – Habib Bank AG Zurich (HBZ). The ratings incorporate the bank’s healthy financial profile emanating from a strong equity base and sound liquidity position. Despite an increasingly competitive and challenging operating environment, the bank has sustained its leading position in its niche market – self liquidating trade finance – while ensuring consistent growth in fee based income, supplementing core profitability. The bank’s asset quality has come under pressure. However, infection is concentrated in a few accounts related to the bank’s specific market, wherein restructuring is in progress.
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