Central Africa Building Society

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

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

Related Publication

ZB Bank Limited (2013-12)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Zimbabwean Banks to face asset quality and liquidity pressures stemming from the impact of COVID-19

COVID-19 imposed global restrictions may stem foreign currency inflows and GCR expects foreign currency liquidity to decrease. As such, GCR anticip...

Three months in, the challenges are increasing but indications suggest that larger corporates may weather the storm.

  • GCR expects performance across almost all corporate sectors to remain weak for the remainder of 2020 due to a collapse of consumer confidence....
Available Purchase Options: