Credit Rating

First security Islami Bank Limited has been rated by Emerging Credit Rating Ltd. (ECRL) on the basis of audited Financial Statements as on December 31, 2023 and other relevant information. The summery of Rating is presented below:

Year Short Term Rating Long Term Rating
2024 ST-2 A+
2023 ST-2 A+
2022 ST-2 A+
2021 ST-2 A+
2020 ST-2 A+
2019 ST-2 A+
2018 ST-2 A+
2017 ST-2 A+
2016 ST-2 A+
2015 ECRL-2 A+
2014 ECRL-2 A+
2013 ECRL-2 A+
2012 ECRL-2 A
2011 ECRL-3 A
2010 ECRL-3 A-
2009 ST-3 BBB2
Long Term ‘’A+’’ Indicates:

Commercial Banks rated ‘’A+’’ in the Long Term indicates strong capacity to meet financial commitments but is somewhat more susceptible to adverse developments in the economy, and to business and other external conditions than institutions in higher-rated categories. Some minor weaknesses may exist, but these are moderated by other positive factors.


Short Term ’’ST-2’’ Indicates:

An institution rated ’’ST-2’’ in the short term indicates strong capacity to meet its financial commitments in a timely manner. However, it is somewhat susceptible to adverse developments in the economy, and in business and other external conditions.