HSBC Bangladesh received ‘AAA’ rating for the fourth consecutive year from Credit Rating Agency of Bangladesh Limited (CRAB).

‘AAA’ is the highest rating awarded by CRAB which is given to banks with extremely strong capacity to meet their financial commitments and judged to be of the highest quality, with minimal credit risk. CRAB awarded the rating based on the performance of the bank in 2010, said a press release.

CRAB managing director Hamidul Huq handed over the rating award and report to Sanjay Prakash, chief executive officer, HSBC Bangladesh at HSBC Main Office in the city.

CRAB senior professionals HS Sohrawardhi, senior vice president, Ehsanul Kabir, assistant vice president, Shahtaj Noor, senior financial analyst and HSBC senior management including Nayeem R Chowdhury, chief financial officer, Kashafud Duza, head of financial and regulatory reporting and tax and Kaium Uddin Muhammad Sakur, manager finance, were present on the occasion.

News: Daily Sun/ Bangladesh/ Mar-13-2011