Brac Bank rated ‘AAA’ again

Brac Bank again got the highest credit rating "AAA" by the Credit Rating Agency of Bangladesh (CRAB) for showing its solid financial strength and stability.

CRAB has reaffirmed "AAA" for long-term and ST-1 for the short-term with "Stable" outlook for Brac Bank, said a press release.

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This latest credit rating will be valid till June 30, 2024.

"This unique achievement has resulted from the bank's continuous efforts towards improving and maintaining an industry-above capital base, better asset quality, exemplary corporate governance and superior liquidity position," said Selim RF Hussain, managing director of the bank.

The agency first assigned "AAA" to Brac Bank earlier in 2022.