BANK ABC, a leading international bank headquartered in Bahrain, announced that Fitch Ratings has affirmed its ‘BBB’ Long-Term IDR with Stable Outlook and Viability Rating (VR) at ‘bbb-.’
Fitch has announced the rating affirmation, citing the bank’s prudent risk management and a robust capital and liquidity position. It has also recognised Bank ABC’s stable asset quality, limited exposure in its core operating markets, and its diversified geographical footprint with strong wholesale banking expertise.
Importantly, Fitch highlighted the bank’s strong capital and liquidity profile, noting that its VR and IDR are not constrained by the sovereign rating of Bahrain. This underscores the strength and independence of Bank ABC’s international funding profile and offshore liquidity.
Fitch cited the bank’s prudent underwriting standards and moderate risk appetite as key strengths, alongside its “diverse operating environment, adequate capitalisation, stable asset quality, funding and liquidity.” The agency also noted the consistent improvement in the Bank’s financial performance since 2023.
Commenting on the news, Bank ABC’s acting group chief executive officer Brendon Hopkins said: “In the face of geopolitical uncertainty and evolving monetary conditions, this rating affirmation serves as a testament to the group’s resilient performance and clear strategic direction. It underscores the strength of our franchise, our commitment to prudent risk management, and our culture of putting our clients first with innovative banking and operational agility.
“Bank ABC remains focused on maintaining a strong, diversified balance sheet and creating long-term value for all our stakeholders.”
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