Karachi : Pakistan Credit Rating Agency PACRA has upgraded long term entity rating JS Bank Limited to “A +” (Single A Plus) (Previous: A), while maintaining short-term entity rating at “A1″ (A One). These ratings denote a low expectation of Credit risk while the Capacity for timely.
The ratings reflect the bank s sound financial profile emanating from improving profitability, strong liquidity, supporting capital adequacy, strengthening franchise owing to its expanding branch network. The bank is expensing its asset base. However as size of bank grows, a careful monitoring of related risks would require management s active attention. With transfer of relatively established asset management and brokerage businesses to bank as subsidiaries by its parent, JS Bank now posses significant potential to synergize and capitalize on in these domains, JS Bank said Wednesday in communication to Karachi Stock Exchange.
