Fitch affirms three Pakistan banks

Fitch Ratings said it affirmed Habib Bank Ltd.'s individual rating at D/E and support rating at 5, along with MCB Bank Ltd.'s individual rating at D and support rating at 5 and National Bank of Pakistan's individual rating at D and support rating at 4.

The ratings generally reflect the bank's moderate balance sheet strength and earning profile, Fitch said, with Habib Bank still relatively weak in terms of its asset quality and operating expense efficiency in contrast with the credit profile of MCB Bank and National Bank of Pakistan.

The agency said the banks remained inherently vulnerable to the political turmoil, more so in the near- to medium-term given the recent events.

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