PUBLIC INFORMATION (PI) RATING

PI Rating: 2019

As a part of compliance requirement of , CRISL has released the ratings of the following on the basis of the Public Information (PI) as published by the banks in its Annual Report, Annual financial statements upto December 31, 2018 and other available published information.

CRISL conducted PI ratings of 22 banks. Out of them ratings of 19 banks (3 SCB, 2 FCB & 14 PCB) have been reaffirmed; rating of 1 bank has been upgraded and ratings of 2 banks have been downgraded.

The above mentioned ratings lack some relevant quantitative as well as qualitative information which might have impact on the ratings.

CRISL released following PI ratings :

Stable Rating PI Rating 2017 PI Rating 2018

Sl Name of the Bank Long term Short term Long term Short term

State-owned Commercial Bank

1 Limited (PI) BBB (PI) ST-3 (PI)BBB (PI)ST-3

2 Limited (PI) BBB- (PI) ST-3 (PI)BBB- (PI)ST-3

3 Bangladesh Development Bank Ltd. (PI) BBB (PI) ST-3 (PI)BBB (PI)ST-3

Foreign Commercial Bank

1 (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3

2 Limited (PI) A (PI) ST-3 (PI) A (PI) ST-3

1 | P a g e PI Rating: Bank 2019

Private Commercial Bank

1 (PI) A (PI) ST-3 (PI) A (PI) ST-3

2 Bank Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3

3 United Commercial Bank Limited (PI) A (PI) ST-3 (PI) A (PI) ST-3

4 Mercantile Bank Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3

5 Limited (PI) A+ ( PI)ST-3 (PI) A+ ( PI)ST-3

6 NCC Bank Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3

7 ( PI) A (PI) ST-3 ( PI) A (PI) ST-3

8 Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3

9 First Security Islami Bank Limited ( PI)A- (PI) ST-3 ( PI)A- (PI) ST-3

10 IFIC Bank Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3

11 The (PI) A (PI) ST-3 (PI) A (PI) ST-3

12 Social Islami Bank Limited (PI) A- (PI) ST-3 (PI) A- (PI) ST-3

13 (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3

14 ShahjalalIslami Bank Limited (PI) A+ (PI) ST-3 (PI) A+ (PI) ST-3

Rating Upgraded PI Rating 2017 PI Rating 2018

SL Name of the Bank Long term Short term Long term Short term

Private Commercial Bank

1 Limited (PI) A (PI) ST-3 (PI) A+ (PI) ST-3

2 | P a g e PI Rating: Bank 2019

Rating Downgraded PI Rating 2017 PI Rating 2018

SL Name of the Bank Long term Short term Long term Short term

Private Commercial Bank

1 AB Bank Limited (PI) BBB+ (PI) ST-3 (PI) BBB (PI) ST-4

2 Limited (PI) BBB (PI) ST-3 (PI) BBB- (PI) ST-3

CRISL conducted PI ratings of N.A. and HSBC Ltd. (The Hong Kong and Shanghai Banking Corporation Ltd.) As a part of compliance requirement of Bangladesh Bank, CRISL has released the ratings of the following banks on the basis of the Public Information (PI) as published by the banks through annual financial statements upto December 31, 2018 and other available published information. While assigning the rating CRISL considered the bank’s earning strength, asset quality, capital adequacy &liquidity position and other available quantitative fundamentals as disclosed through bank’s financial statements.

The above mentioned ratings lack some relevant quantitative as well as qualitative information which might have impact on the ratings.

CRISL released following PI ratings :

PI Rating 2018

SL Name of the Bank Long term Short term

Foreign Commercial Bank

1 Citibank N.A. (PI)AA+ (PI)ST-1

2 HSBC Ltd. (The Hong Kong and Shanghai Banking (PI) AA+ (PI)ST-1 Corporation Ltd.)

3 | P a g e PI Rating: Bank 2019