Tuesday 08, September 2009 by
National Bank of Umm Al Qaiwain’s ratings affirmed
The ratings are underpinned by its ownership by the government of Umm Al Qaiwain. The financial strength rating is maintained at BBB reflecting good profitability, sound asset quality and strong capital adequacy. The bank's moderately high exposure to the real estate and construction sectors in the country and the current uncertainties in the slowing domestic economy are constraining factors.
