Kathmandu, July 17: ICRA Nepal Thursday assigned
issuer rating of AA” to Nepal SBI Bank Limited (NSBL).
According to a press release issued by the bank,
AA” rating is considered as high credit quality rating assigned by ICRA Nepal
and the rated entity carries low credit risk.
Similarly, ICRA Nepal has reaffirmed the ration of
LAA to the subordinated bonds or debenture of Rs. 200 million of NSBL issued in
2014.
According to ICRA Nepal, the rating assignment and
reaffirmation were due to the bank’s strong promoter profile, existence of
Technical Service Agreement (TSA) with State Bank of India, established track
record and adequate franchise lending to good market position in Nepal.
“ICRA Nepal also said that the rating was assigned
to the bank by taking into consideration bank’s experienced senior management,
improved deposits profile, strong asset quality, adequate capitalization
levels, moderate portfolio growth and adequate earnings profile,” said the
bank.
NSBL has 73 offices, including 3 regional offices in
Biratnagar, Nepalgunj and Kathmandu, 86 ATMs with E-corner and mobile banking.
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