IslamicFinance.de

Islamic International Rating Agency (IIRA) has reaffirmed its 'BB/B' international scale ratings at GFH Financial Group (GFH), with a stable outlook. GFH's key business lines include investment banking, real estate development as well as the recently expanded treasury and proprietary investments and commercial banking undertaken through its 55.4% holding of Bahrain-based Khaleeji Commercial Bank. The group’s capital adequacy ratio reduced to 14.5% in Q3 2019, remains comfortably above the Central Bank of Bahrain minimum of 12.5%. The bank’s cost rationalisation measures among other strategies are expected to result in boosting of profitability over the coming periods.