Capital Intelligence affirms QIIB’s long term rating at A+ with stable outlook

Capital Intelligence affirms QIIB’s long term rating at A+ with stable outlook



Dr Abdulbasit Ahmad al-Shaibei, QIIB chief executive officer.

QIIB has announced that the Capital Intelligence Ratings (CI Ratings) has affirmed its long term rating of the bank at (A+) with a stable outlook.In its rating rationale with regard to QIIB, CI noted the bank has many strengths, including the quality of assets and strong profitability, especially with regard to return on assets, and the bank also enjoys a strong customer deposit base.The ratings agency indicated that the bank has sound capital adequacy, and its non-performing debt ratio is better than most of its local peers. In addition to that there is a great possibility of government support in case of need.CI believes that QIIB will be able to continue to achieve better than average results, especially with the outstanding operating efficiency (low cost to income ratio) the bank enjoys.QIIB also enjoys good liquidity, in addition to the fact that non-domestic deposits are at a minimum with the bank.QIIB chief executive officer Dr Abdulbasit Ahmad al-Shaibei expressed satisfaction on the affirmation of QIIB’s long term rating at (A+) with a stable outlook."This affirmation underscores Qatar International Islamic Bank's alignment with the ongoing progress and prosperity of the Qatari economy across