Agusto & Co. assigns a “A+” rating to Coronation Merchant Bank Limited.
The rating expires on 30 June 2020.
The rating assigned to Coronation Merchant Bank Limited (‘Coronation MB’ or ‘the Bank’) is underpinned by good capitalisation, healthy asset quality, acceptable profitability and an experienced management team with a clear succession plan. The rating is however constrained by concentration in the loan book, volatile customer deposits and high funding costs.
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