Pakistan Credit Rating Agency Limited maintains ratings of JS Bank Limited

Lahore, June 22, 2015 (PPI-OT): The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of JS Bank Limited (JSBL) at “A+” (Single A Plus) and “A1+” (A One Plus), respectively. These ratings denote strong capacity for timely payments of financial commitments.

The ratings reflect steady fortification in JS Bank’s business profile. The bank continues to strengthen its market share in terms of deposits and advances. This has enabled the bank to build core revenues to a level – and growing – to adequately absorb costs. Lately, sizeable other operating income, an outcome of strong treasury operations, provided requisite boost to the profitability. This helped in consolidating capital adequacy, in turn, risk absorption capacity of the bank.

The management intends to remain cautious – reflective in stated strategy of balancing advances growth and liquidity. The management is following a wholesome business strategy with prudent expansion targets through wide slate of liability and asset products. At the same time, it would continue to expand its operational scale. This is likely to add diversity and sustainability to the bank’s overall profile.

The bank aspires to sustain its overall growth momentum to enhance its competitiveness in challenging banking industry. Consequent penetration – high share in system’s loans and deposits – besides ensuring sustainability in revenues would be ratings positive. Meanwhile, rationalization in concentration levels would remain important.

For more information, contact:
Hammad Rashid
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com