National Bank of Fujairah’s investment grade ratings speak of the success of our strategy, unwavering customer focus and commitment to sustainable shareholder returns.
Our financial stability is backed by solid capital and liquidity positions and a robust risk management framework.
Read the summarised versions of our ratings reports below or download the detailed PDFs from each agency..
| Credit Rating Summary | |||
| Moody’s | Standard & Poor’s | Capital Intelligence | |
| Long-Term | Baa1 | BBB | A- |
| Short-Term | P-2 | A-2 | A2 |
| Outlook | Stable | Stable | Stable |
| Outlook May 2022 | Outlook May 2021 | Outlook Sep 2019 |
Rating Reports
Moody’s
Moody’s Investors Service has assigned National Bank of Fujairah (NBF) a deposit rating of Baa1/Prime-2 with a BCA (baseline credit assessment) of ba1.
NBF’s ba1 BCA reflects the bank’s (1) solid core profitability through an established corporate and business banking franchise with a niche specialisation in trade finance; (2) adequate capital buffers which reflect solid core earnings generation and retention; and (3) stable funding and liquidity through an established corporate and business banking deposit base with limited maturity transformation.
NBF’s Baa1 deposit ratings incorporate a three-notch uplift from its ba1 BCA, based on our assessment of a very high likelihood of government support, in case of need.
Standard and Poor’s (S&P)
S&P assigned NBF BBB/A-2 rating with stable outlook, which reflects NBF’s business and financial profiles and anticipation that NBF remains a conservatively managed niche bank in UAE’s trade finance and business banking markets.
The long term rating benefits from two notches of uplift, reflecting S&P’s view of moderately high likelihood that NBF would receive timely and sufficient extraordinary government support in the event of need.
Capital Intelligence
International credit rating agency, Capital Intelligence, has affirmed the Group’s financial ratings as Stable, citing its good asset quality, solid capital adequacy ratio, sound profitability and good liquidity.
NBF’s long term FCR (Foreign Currency Rating) has been maintained at “A-“since 2008, reflecting the Bank’s good management, sound financials and support from the UAE government.