National Bank of Pakistan – Ratings Affirmed

Ref: P K 0 0 8 2 3 CRA00- 01 27 Sept ember 202 4

National Bank of Pakistan – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) has affirmed the Long-Term Foreign Currency Rating ( LT FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) of National Bank of Pakistan (NBP) at ‘C+’ and ‘C’, respectively. At the same time, CI Ratings has affirmed NBP’s Bank Standalone Rating ( BSR ) of ‘c’, and Core Financial Strength ( CFS ) rating of ‘b+’. The Outlook for all ratings is Stable. The Extraordinary Support Level (ESL) of Moderate has been affirmed.

The Bank’s LT FCR is constrained by CI’s internal assessment of sovereign credit risk for Pakistan. NBP’s FCRs reflect its majority government ownership and its market share of both assets and customer deposits where it ranks second. The FCRs also incorporate significant concentration risk with respect to NBP’s…