Js bank credit rating?
Rating of the Company
JS Bank. JS Bank is a majority-owned subsidiary of Jahangir Siddiqui & Co. Ltd. and currently operates 323 branches in 161 cities, with a total asset base of Rs 112 billion in 2014.
Credit Rating Agency of Bangladesh Limited (CRAB) has announced the entity rating of Dutch Bangla Bank Limited as “AAA” in the long term and “ST-1” in the short term along with a stable outlook.
The Pakistan Credit Rating Agency Limited (PACRA) maintains the long-term entity rating of JS Bank Limited (JSBL) to 'AA-(Double A Minus). Meanwhile, short-term entity rating is maintained at 'A1+' (A One Plus).
A bank rating is a letter or numerical grade given to banks and other financial institutions. Grades are assigned by government agencies and private rating companies. The public can use these ratings as guides to determine the financial safety and soundness of certain financial institutions.
Limited on the 1st of February 1999, leading to the formation of the Jahangir Siddiqui Investment Bank Limited (JSIBL). In 2007, JSIBL and American Express Bank Limited – Pakistan operations were merged, resulting in the formation of JS Bank. We are a subsidiary company of Jahangir Siddiqui & Co.
Bank | Total Branches | Open Branches |
---|---|---|
JS Bank | 365 | 99.18% |
MCB | 1418 | 89.42% |
MCB Islamic | 185 | 98.92% |
Meezan | 760 | 99.34% |
What Does AAA Mean? The S&P and Fitch AAA rating is the highest that can be assigned to any issuer of debt. It's the same as the Aaa rating issued by Moody's. This rating is assigned to investment-grade debt that has a high level of creditworthiness.
When discussing the best banks in the Netherlands, ABN AMRO invariably makes the list. This financial organization was founded in 1991 and has long been a mainstay of the Dutch banking industry. Savings accounts, mortgages, and investment possibilities are just a few of the many items that ABN AMRO offers.
The Credit Rating Agency of Bangladesh has assigned its highest credit rating, "AAA", for Eastern Bank Limited (EBL), which denotes an extremely strong capacity to meet financial commitments.
Is JS Bank an investment bank?
JS Bank's Investment Banking Division stands as a trailblazer, spearheading numerous landmark transactions in the domestic capital market. We hold an impeccable track record of over 80+ successful capital market and syndicated transactions since 2007.
JS Bank Limited (the bank), incorporated in Pakistan, is a scheduled bank, engaged in commercial banking and related services. The bank is listed on Karachi Stock Exchange in Pakistan.
Global Top 100 | ||
---|---|---|
Rank | Name | Domicile |
1 | KfW | GERMANY |
2 | Zuercher Kantonalbank | SWITZERLAND |
3 | BNG Bank | NETHERLANDS |
Some of the top examples include Australia, Canada, Denmark, Germany, Sweden, Switzerland, Norway, and Hong Kong. These are all countries that generally carry a credit rating of AAA.
Standard & Poor's and Fitch assign bond credit ratings of AAA, AA, A, BBB, BB, B, CCC, CC, C, D. Currently there are only two companies in the United States with an AAA credit rating: Microsoft and Johnson & Johnson.
And for a Low-5 score, your company should hold onto an account balance of $10,000 to $39,999. So your small business needs this level bank rating or better to get a bank loan. For a High-4 score, your small business needs to have an account balance of $7,000 to $9,999.
Rating of the Company
The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term entity rating of JS Bank Limited (JSBL) at 'AA- (Double A Minus) and short-term entity rating at 'A1+' (A One Plus).
December 5, 2023 – Islamabad: U Microfinance Bank Limited, Pakistan's fastest-growing microfinance bank, has announced financial results for the nine months ended September 30th, 2023.
JSBLPKKA XXX BIC / SWIFT Code - JS BANK LIMITED Pakistan - Wise.
- JS Internet Banking. See more.
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- JS Bank now offers Roshan Digital Account to. See more.
- JS Blink. ...
- JS Zindigi BVS is an application through which all Resident Pakistanis can now. ...
- Raast. ...
- JS Bot. ...
- JS Internet Banking.
How many digits is a JS Bank account?
S.No. | Name of Bank | Length of Account Number |
---|---|---|
9 | Habib Bank Limited | 14 Digits |
10 | JS Bank | 6 Digits |
11 | KASB Bank | 13 Digits |
12 | NIB Bank | 15 Digits (old A/C Format) |
JPMorgan Chase
Chase Bank is the consumer banking division of JPMorgan Chase. It currently has more than 4,700 branches and more than 16,000 ATMs. Chase has branches in all of the 48 states in the continental U.S. and has more branches than any other bank in the U.S.
Bank | Forbes Advisor Rating | Products |
---|---|---|
Chase Bank | 5.0 | Checking, Savings, CDs |
Bank of America | 4.2 | Checking, Savings, CDs |
Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
Citi® | 4.0 | Checking, savings, CDs |
- Alliant Credit Union: Best credit union.
- Ally Bank: Best bank; best CDs.
- Charles Schwab Bank: Best for ATM access.
- Chase: Best for sign-up bonuses; best for branch access.
- Discover Bank: Best online banking experience.
DBRS Morningstar | S&P Global | |
---|---|---|
Long-term Issuer Rating | AA (low) | BBB+ |
Short-term Issuer Rating | R-1 (middle) | A-2 |
Senior Unsecured | AA (low) | BBB+ |
Subordinated | A (high) | BBB |
References
- https://www.nerdwallet.com/article/banking/best-banks-and-credit-unions
- https://jsbl.com/wp-content/uploads/2019/03/qr-sep302008.pdf
- https://www.forbes.com/advisor/banking/safest-banks-in-the-us/
- https://ondemandint.com/blog/best-banks-in-the-netherlands/
- https://wise.com/gb/swift-codes/JSBLPKKAXXX
- https://en.wikipedia.org/wiki/JS_Bank
- https://www.wellsfargo.com/about/investor-relations/credit-ratings/
- https://en.wikipedia.org/wiki/Jahangir_Siddiqui_%26_Co.
- https://en.wikipedia.org/wiki/Bond_credit_rating
- https://www.bankrate.com/banking/biggest-banks-in-america/
- https://www.creditsuite.com/blog/how-banks-determine-your-business-credit-worthiness/
- https://www.jsbl.com/knowledge-center/investor-information/
- https://ubank.com.pk/u-microfinance-bank-posted-a-net-profit-of-1-7-billion-for-the-nine-months-ended-30th-september-2023/
- https://gfmag.com/banking/worlds-safest-banks-2023-global-100/
- https://www.investopedia.com/stock-analysis/2011/what-do-aa-and-aaa-credit-ratings-mean-jnj-xom-adp-msft0809.aspx
- https://www.sbp.org.pk/loaddata.html?val=all
- https://www.ublfunds.com.pk/alerts-and-statements/ibft-account-number-formats/
- https://www.ebl.com.bd/news/ebl-gets-highest-aaa-credit-rating
- https://www.investopedia.com/terms/b/bank-rating.asp
- https://crab.com.bd/crab-has-announced-the-entity-rating-of-dutch-bangla-bank-limited/
- https://www.jsbl.com/digital-products/
- https://www.jsbl.com/business/investment-banking/
- https://www.jsbl.com/about-us/
- https://worldpopulationreview.com/country-rankings/credit-rating-by-country