Latest news with #capitaladequacy
Bloomberg
a day ago
- Business
- Bloomberg
Shapoorji Gets RBI Waiver Averting Higher Yield on Private Debt
India's Shapoorji Pallonji Group has secured a key regulatory waiver from the banking regulator, easing pressure on its landmark $3.4 billion private credit deal and averting an increase in the cost of that borrowing, according to people familiar with the matter. Sterling Investment Corp., the group's non-banking finance unit, last week received a three-year extension from the Reserve Bank of India to meet the capital adequacy norms, the people said, asking not to be identified as the details are private. The extension gives the unit more time to comply with rules on the minimum cash buffers required for India's shadow lenders.
Zawya
6 days ago
- Business
- Zawya
Emirates Islamic reports $506mln net profit in H1 2025
DUBAI - Emirates Islamic has announced its financial results for the first half of 2025, reporting a net profit of AED1.863 billion, marking a 12 percent increase compared to the same period last year. The bank reported a record AED2.2 billion profit before tax in the first half of 2025, reflecting strong growth momentum. Total income rose 9 percent year-on-year to AED2.9 billion, driven by continued expansion in both funded and non-funded income streams. Total assets increased by 24 percent to AED138 billion, while customer financing rose 13 percent to AED80 billion. Customer deposits showed exceptional growth, rising 27 percent to AED97.4 billion. Current and Savings Account balances represented 65.5 percent of total deposits. These results highlight Emirates Islamic's position as one of the UAE's leading Islamic banks. The bank reported a Common Equity Tier 1 ratio of 17.4 percent and a capital adequacy ratio of 18.5 percent, underscoring its strong capital position. The Headline Financing to Deposit ratio stood at 82 percent, within the management's target range.
Yahoo
18-06-2025
- Business
- Yahoo
AM Best Affirms Credit Ratings of Seguros El Roble, S.A.
MEXICO CITY, June 18, 2025--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Seguros El Roble, S.A. (El Roble) (Guatemala). The outlook of these Credit Ratings (ratings) is positive. The ratings reflect El Roble's balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). The positive outlooks reflect AM Best's expectations that El Roble will continue to expand its capital base while maintaining its current levels of risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), supported by profitable operating results and prudent risk management and further protected by a solid reinsurance structure. El Roble, which was established in 1972, is the largest insurer in Guatemala with a market share of 24%. Its portfolio is composed mainly of non-life products (80%), as of December 2024, with the remainder (20%) tailored for the life insurance market. El Roble is owned by Bicapital Corporation, a Panama-based private financial group that has financial services operations, including banking, insurance and asset management in Guatemala, Honduras, El Salvador, the Bahamas, Panama and the United States. El Roble ranks No. 1 in accidents and health and auto in Guatemala. AM Best assesses the company's business profile as neutral, based on El Roble's market leadership and its capacity to adjust the terms of its offerings by adapting to the different business cycles, while aiming at higher diversification in lines and distribution channels. In addition, El Roble's market-leading position has allowed it to outperform market growth rates continuously for the past 10 years while sustaining diversification in products and distribution channels. AM Best assesses El Roble's balance sheet strength as strongest, as the availability and quality of its capital are well-positioned for the company's risk profile. In 2024, risk-adjusted capitalization, as measured by BCAR, continued to strengthen as the company reported positive net results while maintaining an appropriate risk profile. Historically, El Roble's reinsurance program and ERM capabilities have been effective in protecting its balance sheet. AM Best assesses El Roble's operating performance as strong due to its capacity to maintain constant growth in its net income backed by solid underwriting. Strategic adjustments have allowed El Roble to navigate different cycles of the market. Positive rating actions could take place if El Roble's balance sheet strength continues to benefit from the consistency in its risk-adjusted capital derived from the company's prudent capital management. Negative rating actions could take place if El Roble's operating performance renders negative results, either from deterioration in underwriting quality or market conditions. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments. AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit Copyright © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on Contacts Inger Rodriguez Financial Analyst +52 55 1102 2720 ext. 108 Alfonso Novelo Senior Director, Analytics +52 55 1102 2720 ext. 107 Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 Al Slavin Senior Public Relations Specialist +1 908 882 2318
Zawya
20-05-2025
- Business
- Zawya
ALEXBANK achieves net profit of EGP 3.63bln as of March 2025, with an increase by 73 % compared to March 2024
Net profit before tax: EGP 5.1 billion (+81.43% vs March 2024) Net interest income, Fees & commission: EGP 6.07 billion (+35.62% vs March 2024) Total assets EGP 235.67 billion (+9.83% vs December 2024) Net loans and facilities to customers: EGP 70.25 billion (+3 % vs December 2024) Total customer deposits: EGP 181.55 billion (+8.04% vs. December 2024) Capital adequacy ratio 30.84% (+2.5% vs. 28.31 % December 2024) ALEXBANK published its financial results for the financial period ended March 2025, confirming the strength of its performance. Despite the economic challenges, ALEXBANK remains one of the strongest in terms of capital adequacy ratio that reached to 30.84% that's far exceed regulatory requirements. This has ascended Total Assets to EGP 235.7 billion (+9.8% vs December 2024), where Gross Loans & Customer Facilities increased by (+2.8% vs December 2024) reached EGP 75.1 billion. That growth was supported by the increase in Total Deposits that reached EGP 181.6 billion (8% vs December 2024), resulting a Net loans to deposit ratio of 38.7%, On the other hand, asset quality remained high, as of non-performing loans ratio decreased to reach 3.7% (-0.3% vs December 2024), and the release of impairment from credit losses of EGP 31 million. ALEXBANK has contributed effectively to the Egyptian economy through the growth of its assets and liabilities, also Total formation of taxes amounted EGP 1.5 billion during 1st Quarter 2025. Total operating income increased significantly to EGP 6.1 billion (+35.7% vs March 2024), supported by growth in Net interest income EGP 5.5 billion (+33.19% vs March 2024) and net income from fees and commissions EGP 590.6 billion (+63.2% vs March 2024), while administrative expenses amounted to EGP 1.27 billion (+17.6% vs March 2024). Accordingly, the bank achieved a profit before income tax of EGP 5.1 billion (+81.4% vs March 2024). The bank's net profit reached EGP 3.6 billion, a significant increase 73%) vs March 2024( Alex bank strategy implementing Cost optimization that leads to achieve impressive cost to income ratio of 20.1% delivering annualized Return on average Assets & Return on average equity 6.5% & 53.9% respectively. This set of results highlights Alex bank dedication to delivering solid results to its shareholders.
