Standard Bank Limited has been rated by Credit Rating Agency of Bangladesh (CRAB) on the basis of Audited Financial Statements as on 31 December, 2013. The summary of the rating is presented below:
CRAB has rated Standard Bank Limited as "AA3" (Pronounced as Double A Three) rating in the long term and "ST-2" rating in the short term which is stable as before. Commercial Banks rated AA3 in the long term belong to have very strong capacity to meet their financial commitments. They differ from the heighest rated commercial banks only to a small degree. AA3 is judged to be of very hign quality and is subject to very low credit risk.
Commercial banks rated in the short term ST-2 category are considered to have the strong capacity for timely repayment of obligations. Banks rated in this category are characterized with commendable position in terms of liquidity, internal fund generation and access to alternative sources of funds is outstanding.
Outlook : Stable Date of Rating : 12 June 2014 Date of Validity : 30 June 2015
Outlook : Stable
Date of Rating : 12 June 2014
Date of Validity : 30 June 2015