Credit Rating

First security Islami Bank Limited has been rated by Emerging Credit Rating Ltd. (ECRL) on the basis of audited Financial Statements as on December 31, 2016 and other relevant information. The summery of Rating is presented below:

Year

Short Term Rating

Long Term Rating

2016 ST-2 A+
2015 ECRL-2 A+
2014 ECRL-2 A+
2013 ECRL-2 A+
2012 ECRL-2 A
2011 ECRL-3 A
2010 ECRL-3 A-
2009 ST-3 BBB2

Emerging Credit Rating Ltd. has assigned A+ (Pronounced as A Plus)  in the Long Term and ST-2 in the Short Term to First Security Islami Bank Limited.

Commercial Banks rated A+ in the Long Term indicates strong capacity to meet financial commitments but is somewhat more susceptible to adverse developments in the economy, and to business and other external conditions than institutions in higher-rated categories. Some minor weaknesses may exist, but these are moderated by other positive factors.

An institution rated ST-2 has a strong capacity to meet its financial commitments in a timely manner. However, it is somewhat susceptible to adverse developments in the economy, and in business and other external conditions.

In 2015, Emerging Credit Rating Ltd. assigned A+ (Pronounced as A Plus) in the Long Term and ECRL-2 in the Short Term to First Security Islami Bank Limited.