Prime Bank earns top credit rating of AAA from CRAB
The Credit Rating Agency of Bangladesh Limited (CRAB) has upgraded Prime Bank PLC's long-term credit rating to AAA while reaffirming its ST-1 short-term rating, reflecting the bank's robust financial fundamentals, prudent management, and consistent performance.
The AAA rating is the highest possible credit grade, signalling Prime Bank's powerful capacity to meet long-term financial obligations with minimal credit risk. The ST-1 short-term rating also reflects the Bank's excellent liquidity, strong internal fund generation, and dependable access to alternative funding sources.
CRAB cited several key factors behind the upgrade: a well-diversified loan portfolio, a strong capital base, adequate provisioning, and a low-cost, stable deposit structure. The Bank's sound risk management, operational efficiency, and resilient liquidity position also contributed to the enhanced rating.
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This latest development underscores Prime Bank's three-decade legacy of responsible banking and trustworthiness in Bangladesh's financial sector.
Commenting on the upgrade, Prime Bank officials stated that the rating reflects the bank's continued commitment to maintaining high financial standards while supporting individuals and businesses nationwide. They reaffirmed the Bank's focus on governance, customer-centric innovation, and disciplined growth across its operations.
The upgraded rating is expected further to enhance Prime Bank's credibility among stakeholders and investors, while reinforcing its ability to mobilise resources at competitive terms in both domestic and international markets.
The Bank has consistently invested in digital innovation, SME and green financing, and corporate governance, aligning its growth trajectory with long-term sustainability and inclusive banking practices.
This recognition by CRAB comes at a time when the banking industry is navigating a complex economic environment. Amid such challenges, Prime Bank's upgrade stands as a decisive vote of confidence in its stability, resilience, and leadership in the financial sector.
