‘A-Class’ CAMELS Rating for ComBank’s Bangladesh operations
The Commercial Bank of Ceylon’s Bangladesh operations have been
accorded the highest ‘A’ rating by the banking regulator in that
country, following an assessment based on the CAMELS method of
international bank ratings, a reputed US supervisory rating system.
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The Commercial Bank of Ceylon in Bangladesh |
The ‘A-Class’ CAMELS rating has been awarded to Commercial Bank
Bangladesh after assessing the six strategic factors covered by the
abbreviation, Capital Adequacy, Asset Quality, Management Quality,
Earnings, Liquidity and Sensitivity to market risks. In all, 48 banks in
Bangladesh were assessed till September 2008 for this latest rating.
“It is an honour to be rated among the best in all six elements
assessed by the CAMELS ratings,” said Country Manager of Commercial Bank
Bangladesh. Prabagar.
In the CAMELS ratings, each bank is assigned a score of one (A) to
five (E) for each factor. “If a bank has an average score less than two,
it is considered to be high-quality institution, while banks with scores
greater than three are considered to be less-than-satisfactory
establishments. This year, six other banks operating in Bangladesh were
rated Strong or A-Class,” Prabagar said.
The rating is based on financial statements of the bank and on-site
examinations by The Bangladesh Bank, the Central Bank of Bangladesh.
“The CAMELS rating system helps the supervisory authorities identify
banks that are in need of attention,” Prabagar said.
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