Fitch affirms Centurion Bank

Fitch Ratings said it affirmed Centurion Bank of Punjab's national rating on its certificates of deposit program at F1+(ind), following the increase of the program size to Rs.3.5 billion from Rs.1 billion. The agency also affirmed the bank's national long-term rating at A+(ind), individual rating at D, support rating at 5 and the Rs.930 million subordinated debt rating at A+(ind).

The outlook is stable.

The ratings reflect the bank's improved operating performance and better capitalization ratios since fiscal year 2005, Fitch said.

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