2024-02-03 09:41:46
CIH Bank saw its rating confirmed by Fitch which renewed, on Monday January 29, 2024, the long-term rating (IDR) in foreign and local currencies at “BB” with a stable outlook, thus reflecting the consistency of CIH Bank’s fundamentals.
The Fitch Rating agency also confirmed and maintained the national ratings at “F1+” for the short term and “AA-” for the long term with a stable outlook. For several years, CIH Bank has undertaken a strategy of diversifying its jobs towards business financing as part of supporting the growth of the national economy and its major structuring projects.
This strategy allowed the bank to develop its revenues in a diversified manner while adopting a prudent provisioning policy.
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