TAJBank Limited, a non-interest banking services provider, has got Bbb+ rating by the foremost rating agency, Agusto & Co.
A statement said this made the non-interest lender the best-rated in the nation’s Non-Interest Banking space.
The statement said, “The latest rating, which is a notch up from the bank’s previous rating, comes in recognition of the bank’s high-quality balance sheet and robust earnings capacity.
“The lender clinched the rating of Bbb last year despite the prevailing economic situation, but this year, took its operational efficiency and best practice principles higher to Bbb+, which industry analysts attributed to the bank’s zeal and strong performance rendering its innovative products and services to its growing customer base.”
Commenting on the improved rating of the bank by the rating agency, the Founder/Chief Executive Officer of the non-interest lender, Mr Hamid Joda, described the improved rating by Agusto & Co as a clear demonstration that TAJBank had continued to prioritise necessary risk management and operational controls, with clear focus on quality processes related to first class standards, management, and administration lifecycle.
He said, “The latest rating of TAJBank by the reputable agency has, once again, confirmed the management’s commitment to world-class standardisation of the bank’s operations, especially in terms ensuring high operational standards and service provisions for our growing customers on a sustainable basis.”
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