Cairo Amman Bank – Ratings Affirmed

Ref: JO006 2 2 CRA00- 0 1 1 3 December 20 2 3

Cairo Amman Bank – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Cairo Amman Bank (CAB) at ‘B+’ and ‘B’, respectively. The LT FCR Outlook remains Positive. At the same time, CI Ratings has affirmed CAB ’s Bank Standalone Rating (BSR) of ‘b+’ with a Stable Outlook , Core Financial Strength (CFS) rating of ‘bb’, and Extraordinary Support Level ( ESL ) of Moderate.

The BSR is derived from a CFS rating of ‘bb’ and an Operating Environment Risk Anchor (OPERA) of ‘b+’ (indicating high risk). CAB’s ratings are supported by its comfortable liquidity, sound and moderately improved CAR, and satisfactory loan asset quality despite additional NPL growth in H1 23. Also supporting the…