Published on : 08/ May /2024 Bank of Sharjah is pleased to announce that Fitch Ratings has affirmed its Long-Term Issuer Default Rating (IDR) at 'BBB+' with a stable outlook and upgraded its Viability Rating (VR) to 'b-' from 'ccc+'. The VR upgrade reflects the bank's improved consolidated capitalisation following the reclassification of Emirates Lebanon Bank (ELB), its 100% subsidiary in Lebanon, to the assets-held for sale category. Fitch also acknowledges the new [...]

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Bank of Sharjah PJSC published this content on 08 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 May 2024 14:09:07 UTC.