Moody affirmed City Bank’s rating at B2 in 2024
Moody's Investors Service has published its latest Credit Opinion on City Bank, recognising its moderate profitability and capital amid rising asset risks.
These are balanced by its stable liquidity and improving deposit franchise.
City Bank has retained its issuer rating of B2 with an updated Negative outlook that matches the country rating Moody's has recently given to Bangladesh, reflecting its moderate probability of support from the Government of Bangladesh (B2 negative). Superior strength in Consumer Banking and Credit Card segments, as well as strong liquidity and sizeable holdings of government securities, are recognised as credit strengths of the bank. However, elevated asset risks due to challenging operating conditions, significant sector concentration, and moderate capitalisation strength have influenced some of the key parameters of the rating.
Keep updated, follow The Business Standard's Google news channel
City Bank thanks its customers, shareholders, employees, regulators and well-wishers for their continuous support.
