BRAC Bank has again been rated AAA by Credit Rating Agency of Bangladesh, said a press release.
CRAB has reaffirmed AAA for the long-term and ST-1 for the short-term with a 鈥楽table鈥� outlook for BRAC Bank, it said.
AAA is the highest issuer credit rating assigned by CRAB in Bangladesh. This latest credit rating will be valid till June 30, 2025.
BRAC Bank managing director and chief executive officer Selim RF Hussain said, 鈥榃e feel honoured to continue AAA credit rating by CRAB. This unique achievement has resulted from the bank鈥檚 continuous efforts towards improving and maintaining an industry-above capital base, better asset quality, exemplary corporate governance and superior liquidity position.鈥�