BRAC Bank has secured a ‘B+’ credit rating with a ‘Stable’ outlook, as affirmed by the world’s leading credit rating agency, S&P Global Ratings, said a press release.
S&P elucidated, ‘The stable outlook on BRAC Bank reflects our view that the bank should be able to steadily navigate the challenging operating conditions in Bangladesh and maintain its financial profile over the next 12-18 months.’
Selim RF Hussain, managing director and chief executive officer of BRAC Bank, remarked, ‘This distinction is recognition of our unwavering commitment to enhancing our capital base, asset quality, governance and liquidity positioning.’
