BM Desk:

Moody’s Investors Service, a leading credit rating agency, has affirmed Social Islami Bank PLC’s (SIBP) credit rating and revised its outlook from ‘negative’ to ‘stable’. This revision reflects Moody’s confidence in SIBP’s ability to maintain stable funding and liquidity despite challenging market conditions.

SIBP’s sustained deposit growth in the past two quarters indicates a restoration of depositor confidence.

Additionally, improvements in foreign currency liquidity and a more diversified deposit base are expected to mitigate future risks. The bank has also demonstrated stable solvency metrics, with its non-performing loan ratio and Common Equity Tier 1 ratio showing slight improvements in the past year. Moody’s revision highlights SIBP’s resilience and commitment to stability in a dynamic market environment.