The New Nation - Internet Edition

BUSINESS REPORT

Bank Alfalah Limited, the financial arm of the Dhabi Group, UAE, for the year ending 2007 has been awarded 'AA2 Rating' in the long-run by the Credit Rating Agency of Bangladesh Limited (CRAB). Besides, an 'ST-1 Rating' for the short-run was also endowed on Bank Alfalah by the CRAB.

The Ratings Award and Detailed Report were handed-over to Majedur Rahman, Country Head for Bank Alfalah Limited by Hamidul Haq, Managing Director of CRAB at the Bank Alfalah Country Office at Gulshan in the city on July 10 last at a simple ceremony.

HS Swhrawardi, Vice-President, CRAB, Enam Al Quddus, Senior Financial Analyst, CRAB, Shahab Khattak, Head of Operations, Bank Alfalah Limited, Mubasher Ahmed, Head of Credit, Bank Alfalah Limited and Wasim Alam, Officer, Asset and Liability Management, Bank Alfalah Limited were present.