Prime Bank reaffirms financial strength with highest AAA and ST-1 ratings

Prime Bank has retained the highest credit ratings of AAA (Triple A) for long-term and ST-1 for short-term creditworthiness from the Credit Rating Agency of Bangladesh Limited (CRAB), reaffirming the bank's strong financial fundamentals, prudent risk management and sustained business performance for another year, according to a press release.
The AAA rating indicates the bank's exceptionally strong capacity to meet its long-term financial commitments, while the ST-1 rating represents the highest level of certainty regarding the timely repayment of short-term obligations.
CRAB conducted a comprehensive assessment of the bank's financial and operational performance, governance standards, risk management framework and overall business outlook before assigning the ratings.
Faisal Rahman, chief executive officer of Prime Bank, said, "Maintaining these ratings year after year reflects the strength of our fundamentals, the trust of our customers and stakeholders, and the unwavering dedication of our people. While Prime Bank has consistently demonstrated the financial resilience and governance standards expected of a leading institution, we value every reaffirmation as an endorsement of our commitment to sustainable growth, prudent risk management and long-term value creation."