Central Africa Building Society

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Central Africa Building Society
  • Central Africa Building Society
  • Year : Nov 2020
3 Tokens
USD 300.00
Summary

The national scale issuer ratings on Central Africa Building Society (“CABS”, “the Society”) reflect the Society’s sound market position relative to domestic commercial banks and solid franchise strength as the largest and oldest building Society in Zimbabwe. The ratings also take into account appropriate local currency liquidity, adequate though constrained capitalisation, offset by a relatively weaker risk position in comparison to domestic top tier banks.

Additional Information

The outlook is evolving premised on the volatile operating environment, monetary policy, exacerbated by hyperinflation creating high likelihood of frequent change on the financial profiles of financial institutions operating therein. The ratings benefit from support and integration of the Society with its ultimate parent, Old Mutual Zimbabwe Limited, although not a material asset or revenue contributor

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