Meezan Bank is Pakistan’s first and largest Islamic bank and a publicly listed company with a paid-up capital of Rs. 10 billion. It is one of the fastest growing financial institutions in the banking sector of the country.
Publicly Listed Company
Meezan House, C-25, Estate Avenue, SITE, Karachi - Pakistan.
24/7 Call Center: 111-331-331 & 111-331-332
PABX: (92-21) 38103500
Fax: (92-21) 36406023
Email : email@example.com
THK Associates (Pvt.) Ltd.
1st Floor, 40-C, Block-6, P.E.C.H.S., Karachi - 75530, Pakistan.
Ph: (92-21) 111-000-322
Fax: (92-21) 35655595
|Date||Rating Type||Long Term||Short Term||Outlook|
The JCR-VIS Credit Rating Company Limited, an affiliate of Japan Credit Rating Agency Japan, has reaffirmed the Bank’s long-term entity rating of AA (Double A) and short-term rating at A-1+ (A One Plus) with stable outlook. The short-term rating of A-1+ is the highest standard in short-term rating. The rating indicates high credit quality and sound performance indicators of the Bank. Meezan Bank is the only Islamic bank in Pakistan with AA and A-1+ credit rating.
Double A rating assigned by JCR – VIS denotes high credit quality, strong protection factors and modest risk but may vary from time to time because of economic conditions. Whereas short term rating A-1+ denotes high certainty of timely payments, excellent liquidity factors supported by good fundamental protection factors and minor risk factors.
To be communicated at the time of elections