Moody's Investors Service has affirmed Al Ahli Bank of Kuwait (ABK) both long- and short-term deposit ratings at A2/Prime-1.
Meanwhile , Moody's has affirmed the bank's D+ standalone bank financial strength rating (BFSR), equivalent to a baseline credit assessment (BCA) of baa3.All ratings assigned to Al Ahli Bank carry a stable outlook.
Al Ahli Bank of Kuwait is incorporated in Kuwait and reported consolidated total assets of KWD 2.97 billion ($10.57 billion) as of 31 December 2012 (in accordance with audited IFSR).
The lender posted KWD37.59 million net profit ($127 million) for 2014, compared to KWD35.43 million for the same period of previous year, with growth by 6.1%.
