Unlikely Icon newsweekpakistan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsweekpakistan.com Daily Mail and Mail on Sunday newspapers.
However, the short-term rating of A-1 remained stable.
According to a statement issued here, the credit agency said the medium to long-term rating of A+ was indicative of a lower anticipation of credit risk with adequate protection factors, which was not significantly susceptible of vulnerability to foreseeable events whereas the short-term credit rating of A-1 denoted high certainty of timely payments, excellent liquidity factors supported by good fundamental protection factors.
The advancement of the bank’s credit rating by the VIS is the proof of the immense progress made by BOK in the past years.
The enhanced credit ratings were drawn from various upgrades during the last year such as the bank-wide implementation of Temenos T-24 core banking system, increase in the advances portfolio, and notable improvement in profitability led by higher net markup income and increased sale of government securities strengthened by the new T-24 core banking system, the BOK planned to expand
PESHAWAR: The Finance Department has moved a three-candidate summary to the provincial cabinet for the appointment of a new Managing Director of Bank of Khyber. All three candidates are at the top.
PESHAWAR: The Finance Department has moved a three-candidate summary to the provincial cabinet for the appointment of a new Managing Director of Bank of Khyber. All three candidates are at the top.