Thu June 29, 2017
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

Business

July 7, 2006

Share

Advertisement

Ratings of NBP Capital reaffirmed

Ratings of NBP Capital reaffirmed
KARACHI: JCR-VIS Credit Rating Company has reaffirmed the medium to long-term entity rating of NBP Capital Ltd (NBPCL) at ‘A’ with a stable outlook. According to a press release, short-term rating has also been reaffirmed at ‘A1’. Being a wholly-owned subsidiary of National Bank of Pakistan (NBP), the ratings assigned to NBPCL draw support from the parent’s strong franchise value. Capitalisation and liquidity indicators are expected to remain strong. NBPCL has exhibited growth in its financing portfolio during the last year. Core profitability indicators were, however, depressed on account of higher cost of funds. This trend has been experienced throughout the NBFCs sector. Some recovery has been posted in the first quarter of the current year though improving profitability from core operations may remain challenging as the environment becomes increasingly competitive.

Advertisement

Comments

Advertisement
Advertisement