Alizz Islamic Bank – National Ratings Affirmed
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Summary
Ref: OM03 1 20 CRA00- 0 1 1 8 May 20 2 1
Alizz Islamic Bank – National Rating s Affirmed ;
Outlook Remains Negative
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Alizz Islamic Bank’s (AIB) Long- and Short-Term ratings on the Oman National Scale at ‘omAA’ and ‘omA1+’, respectively. The Outlook on the ratings remains Negative, in line with the Outlook assigned to Oman’s sovereign ratings .
The Bank’s National Scal e ratings are underpinned by its solid capital position following recapitalisation in July 2020 , large customer deposit base supporting a comfortable liquidity position , and the good quality of its financings book despite higher non-performing financings (NPFs). The ratings also reflect AIB’s status as a wholly owned subsidiary of Oman Arab Bank ( OAB ), the country’s fifth largest bank . AIB remains one of…