Business Report:
Credit Rating Agency of Bangladesh Limited (CRAB) has upgraded Prime Bank’s long-term credit rating to AAA, and reaffirms the short-term rating to ST-1. This significant upgrade is a strong testament to Prime Bank’s three-decade-long commitment to financial strength, responsible banking, and enduring trust.
The ratings reflect Prime Bank’s solid capital base, well-diversified loan portfolio, adequate provisioning, and low-cost, stable deposit structure. CRAB also highlighted the Bank’s strong operational efficiency, robust liquidity position, and prudent risk management practices as key drivers of the upgrade, says a press release.
The AAA long-term rating signals Prime Bank’s extremely strong capacity to meet financial commitments with minimal credit risk, bringing the Bank to the highest rating possible.
