Barwa Bank has received A+ and A2 credit ratings from Fitch and Moody’s respectively.
Barwa Bank chairman and managing director Sheikh Mohamed bin Hamad bin Jassim al-Thani said, “Receiving such high credit ratings is a clear indication of the bank’s continuous efforts to achieve excellence, solid financial position, and an affirmation of its firm positioning among the prestigious financial institutions; in Qatar and regionally.”
For his part, Khalid Yousef al-Subeai, Barwa Bank Group CEO said: “We are delighted to receive these ratings, which are testament to the collective efforts of the Barwa Bank team. The bank benefits from a high profit margin, and a high-quality finance portfolio with very low nonperforming assets that doesn’t exceed 1.8% — one of the lowest amongst the banks in the region. In addition, Barwa Bank’s high capitalisation enables it grow even further and acquire a bigger market share as it reinforces trust in the investor community .”
“These credit ratings also provide us with a source of inspiration that will push us to continue to deliver and strengthen the bank’s role in advancing Islamic banking in the region,” he added.
Sheikh Mohamed (left) and Khalid Yousef: Continuous efforts to achieve excellence.
