PACRA upgrades JS Bank rating to ‘AA’ over financial performance

KARACHI: The JS Bank, a premier financial institution renowned for its dedication to excellence and innovation, has received ‘AA’ rating from the Pakistan Credit Rating Agency (PACRA), according to a press release issued by the bank.

This prestigious rating reflects JS Bank’s strong financial performance, robust risk management practices and commitment to excellence in the banking sector.

PACRA’s ‘AA’ rating signifies high credit quality, affirming JS Bank’s sound financial health and serving as a testament to the bank’s prudent financial policies, solid capitalisation and strategic foresight.

In the words of Basir Shamsie, president and CEO of JS Bank, “Our rating upgrade to ‘AA’ from PACRA is an honour that reflects the relentless dedication of our team.

“This milestone reinforces our pledge to deliver innovative and reliable financial services to our valued clients. Our focus remains on driving growth through digital transformation and maintaining the highest standards of corporate governance.” The JS Bank’s consistent performance in Pakistan’s dynamic financial landscape is underpinned by its strategic initiatives. By embracing cutting-edge technology to offer seamless banking experiences, JS Bank prioritises the needs and expectations of clients, providing tailored solutions that foster long-term relationships. Committed to environmentally and socially responsible banking practices, the bank contributes to the broader economic development of Pakistan. Looking ahead, the JS Bank remains committed to its mission of enhancing financial inclusion, supporting economic growth and delivering value to its stakeholders. The bank is poised to expand its market presence, leveraging its strong financial foundation to introduce new and impactful services.