S&P: Bank Berhad stable

Standard & Poor's said it assigned its A- long-term and A-2 short-term counterparty credit ratings to Malaysia's Public Bank Berhad.

The outlook is stable.

S&P said the bank's strong financial profile is underpinned by its improving asset quality over the past four years. Public Bank Berhad's capitalization remains healthy, with its ratio of adjusted common equity to average assets at about 12% as of first-quarter 2004.

S&P said it expects the bank to manage its capital position more efficiently and to continue to maintain a level of capitalization that will remain commensurate with its existing risk profile and credit rating.

S&P said the bank's interest margins are expected to come under pressure as a result of the prevalent excess liquidity and heightened competition.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.