QIIK
Doha-Mubasher: Capital Intelligence (CI) affirmed the financial strength rating (FSR) of Qatar International Islamic Bank (QIIB) at 'A-'.
CI’s rating is attributed to QIIB's strong capital adequacy, high liquidity and sound asset quality, in addition to growing operating income.
The bank managed to maintain a positive outlook despite liquidity risks and weak economy pressured by dropping oil prices.
QIIB reported a profit of QAR 826 million in 2014 compared to figures from 2013, registering a slight rise by 10.1%.
On another note, Fitch Ratings upgraded the long-term issuer default rating (IDR) of QIIB from ‘A’ to ‘A+’ with a stable outlook, reflecting the bank’s financial strength and liquidity.