What Moody's said

28 June 1996

National Bank of Kuwait 'The bank has a broad and experienced senior management team supported by a strong cadre of professionals and has a clear idea of strategy and the areas where the bank enjoys a competitive advantage.' Financial strength: C+ Long/short term deposits: Baal/Prime-2

National Bank of Abu Dbabi has 'a strong local franchise, a more than adequate capital base, good deposit-gathering capabilities and currently adopts a cautious credit stance.' Financial strength: D+ Long/short term deposits: Baal/Prime-2

MashreqBank 'enjoys acceptable levels of capital, liquidity and profitability. However, the bank is aggressively managed in a small and competitive market. Published accounts give no detail of provisions in place nor the extent of the relationship with and exposure to the controlling family shareholder.' Financial strength: D Long/short-term deposits: Ba 1/Not Prime Bank of Bahrain & Kuwait 'has a good regional franchise... The bank's history (of non-performing loans), coupled with difficult and competitive environments in its main geographic areas of operation, preclude a higher bank financial strength rating than D at this time.' Financial strength: D Long/short-term deposits: Ba2/Not Prime

Oman International Bank 'is competently managed by a motivated and innovative team, but its management structure will have to be modified as business volumes grow.' Financial strength: D+ Long/short-term deposits: Baa3/Prime-3 Commercial Bank of Qatar 'has been consistently profitable and has demonstrated its ability to enhance liquidity in response to potential tightenings in the domestic market.' Financial strength: D+ Long/short-term deposits: Ba2/Not Prime

Source: Moody's Investors Services

Related reports in MEED

BankingMEED 8:3:96

Saudi Banking MEED 1 0:5:96


Islamic Banking MEED 12: 7:96 UAE Banking MEED 2:8:96

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications