The ratings on Stanbic Bank Zimbabwe Limited (“Stanbic Zimbabwe”) reflect the bank’s sound business profile supported by above average market share, good levels of business diversification, franchise strength, and a track record of revenue stability, cognisant of bank’s predominantly monetary assets that are prone to a material adverse impact on performance in the hyperinflationary environment. Furthermore the ratings take into account adequate capitalisation, relatively stable funding structure and appropriate liquidity.
The ratings on Stanbic Bank Zimbabwe Limited (“Stanbic Zimbabwe”), are supported by a strong domestic competitive positioning, reflected by its defendable market position and franchise in Zimbabwe, best demonstrated by its market leading low cost of funds. The ratings also factor in adequate capitalisation, solid risk position and structurally superior funding and liquidity. Lastly, the ratings benefit from ongoing support and integration of the bank with its ultimate parent, the Standard Bank Group.
|Issue Name||Rating||Country||Rating Published|
|--||Short Term rating: A1+(ZW); Outlook: Stable||Zimbabwe||06-07-2020 0:00:00|
|--||Long Term Rating: AA(ZW); Outlook: Stable||Zimbabwe||06-07-2020 0:00:00|