Stanbic Bank Zimbabwe

Image placeholder
Stanbic Bank Zimbabwe Limited (2021-09)
  • Stanbic Bank Zimbabwe
  • Year : Sep 2021
3 Tokens
USD 300.00
Summary

Stanbic Zimbabwe is one of the leading banks in Zimbabwe with a high market share across loans and deposits and has a strong franchise within the local market. We consider the bank to be adequately capitalised, supported by a GCR capital ratio of 19.2% at 1H2021 (FY2020: 19.8%). Furthermore, in June 2021 the bank’s regulatory core capital was above the December 2021 requirement of USD30m using the prevailing interbank rate. Pressures for exchange rate depreciation due to widening forex supply gap could exert pressure on maintaining the core capital above the USD30m threshold.

Additional Information

The outlook is Stable, balancing our expectation that Stanbic Zimbabwe will maintain a sound financial profile supported by low asset quality risk, sound internal capital generation and adequate levels of liquidity against the turbulent operating environment. National scale ratings reflect relativities to the local Zimbabwean peers only. Given the adverse operating environment there is implied volatility in the ratings. A positive or negative ratings movement could follow a change in capitalisation, asset quality or liquidity.

Related Publication

FBC Building Society (2016-07)

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...

Short Term Insurance Industry Compendium - Sub-Saharan Africa

This introduces GCR Ratings (“GCR”) first Short Term Insurance Compendium for Sub-Saharan Africa. In this publication, GCR provides a b...

Available Purchase Options: