Ahli Bank Q S C : Fitch Ratings upgrades Ahlibank to A+
March 30, 2015 at 11:45 am EDT
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16 Mar 2015
Fitch Ratings has upgraded Ahli Bank QSC's Long Term Issuer Default Rating (IDR) to 'A+' from 'A' with a stable outlook, and has also revised the Support Rating Floor (SRF) to 'A+' from 'A'.
These rating upgrades reflect Ahlibank's satisfactory liquidity, sound capitalisation and asset quality, as well as, Ahlibank's fairly conservative risk appetite.
Sheikh Faisal Bin AbdulAziz Bin Jasem Al-Thani, the Chairman and Managing Director of Ahlibank stated: "We are very pleased to see that Fitch recognises the good health of the banking sector in Qatar, with such banks being well capitalised and with solid asset quality - reflecting low levels of non-performing loans. We also believe that the continued support of our shareholders underpins our continued growth within the context of the Qatar growth story. This rating upgrade is another milestone to Qatar's banking community which makes us proud".
Ahli Bank QPSC, formerly Ahli Bank QSC, is a Qatar-based bank. The Bank provides its products and services through its business segments: The Retail and Private Banking and Wealth Management segment, which includes individual customersâ deposit and current accounts, provides consumer loans, residential mortgages, overdrafts, credit cards and fund transfer facilities, investment products, funds, credit facilities, trusts and alternative investments, and the Corporate banking, treasury, investments and brokerage subsidiary segment offers loans and other credit facilities, and deposit and current accounts for corporate and institutional customers, and provides money market, trading and treasury services, as well as brokerage services. The Bank operates through its head office and a network of 17 branches located across the State of Qatar. The Bank has a wholly owned subsidiary, Ahli Brokerage Company SPC, which is active in brokerage operations.
AHLI BANK Q.P.S.C. 
