Barwa Bank recieves A+ and A2 credit ratings from Fitch and Moody’s

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.