Prime Bank's credit rating upgraded to AAA

Prime Bank's long-term credit rating has been upgraded to AAA which is the highest credit rating assigned by the Credit Rating Agency of Bangladesh (CRAB) in Bangladesh, while the short-term rating was reaffirmed to ST-1.

This significant upgrade is a strong testament to Prime Bank's three-decade-long commitment to financial strength, responsible banking, and enduring trust, according to a press statement.

The ratings reflect Prime Bank's solid capital base, well-diversified loan portfolio, adequate provisioning, and low-cost and stable deposit structure.

CRAB also highlighted the bank's strong operational efficiency, robust liquidity position, and prudent risk management practices as key drivers of the upgrade.

The AAA long-term rating signals Prime Bank's extremely strong capacity to meet financial commitments with minimal credit risk, bringing the Bank to the highest rating possible.

Meanwhile, the ST-1 short-term rating underscores the bank's highest capacity for timely repayment of obligations, backed by excellent liquidity position, internal fund generation and outstanding access to alternative sources of funds.

This recognition from CRAB reinforces Prime Bank's standing as a trusted and stable financial partner for individuals and businesses across Bangladesh.