DOHA: Barwa Bank, one of Qatar’s leading Shariah compliant banking service providers, has received A+ and A2 credit ratings from Fitch and Moody’s, respectively, according to a statement yesterday.
Sheikh Mohammad bin Hamad bin Jassim Al Thani, Chairman and Managing Director of Barwa Bank Group said: “Receiving such high credit ratings is a clear indication of the bank’s continuous efforts to achieve excellence, solid financial position, and an affirmation of its firm positioning among the prestigious financial institutions; in Qatar and regionally.”
Khalid Yousef Al Subeai, Acting CEO of the Group, said: “We are delighted to receive these ratings, which are testament to the collective efforts of the Barwa Bank team.”
“These credit ratings also provide us with a source of inspiration that will push us to continue to deliver and strengthen the bank’s role in advancing Islamic banking in the region.”The Peninsula
