Bank AlJazira’s financial strength rated by Capital Intelligence

BAJ’s financial strength rating has been affirmed at “BBB” with a stable outlook. The bank’s long-term foreign currency rating has been affirmed at “BBB+” and its short-term foreign currency rating at “A2.” The ratings agency Capital Intelligence noted BAJ’s sound liquidity, strong customer deposit growth and improved profitability and highlighted the benefits of a reviving equity market to BAJ’s business. Nabil Al-Hoshan, CEO and MD of the Bank, was pleased that the banks strong underlying fundamentals had been recognized with this affirmation.