Press Release

JCR-VIS assigns preliminary rating of A(SO) to proposed TFCs issues of Tameer Micro Finance Bank Limited

Karachi, October 9, 2012: JCR-VIS Credit Rating Company Limited has assigned preliminary rating of ‘A(SO)’ (Single A (Structured Obligation)) to the proposed TFC issues (TFC-1 & TFC-2) of Tameer Micro Finance Bank Limited (Tameer). Outlook on the assigned ratings is ‘Stable’. The entity rating of Tameer is ‘A/A-1’ (Single A/A-One).

The preliminary rating assigned to the TFC issues takes into account 40% partial guarantee of the outstanding principal from State Bank of Pakistan under the Microfinance Credit Guarantee Facility. TFC-1 will be redeemed in bullet at the end of 13 months while TFC-2 has a tenor of 24 months. Both TFCs are of Rs. 500m each.

For further information on this rating announcement, please contact the undersigned (Ext: 501) or Ms. Sobia Maqbool, CFA (Ext: 506) at 35311861-72 or fax to 35311873.



Javed Callea
Advisor

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright October 09, 2012 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.