Saman Bank – Ratings Outlook Revised to Positive

Ref: IR02421 CRA00-02 13 February 2023

Saman Bank – Ratings Outlook Revised to Positive

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Long-Term Foreign Currency Rating and Bank Standalone Rating (BSR) Outlook of Saman Bank (SB) to Pos itive from Stable; the Bank’s LT FCR and BSR of ‘B – ’ and ‘b-’ , respectively, have been affirmed. At the same time, CI Ratings has rais ed SB’s Core Financial Strength (CFS) rating to ‘b’ from ‘b-’. SB’s Short-Term Foreign Currency Rating (ST FCR) of ‘B’ was affirmed.

The Positive Outlook on the LT FCR and BSR reflects CI’s expectation that the Bank will succeed, as planned, in rais ing its CAR to the regulatory minimum of 8% withi n the next 12 months. CI also expects the quality of capital to improve , with the loss – absorbing Tier 1 component increasing as a share o f total…