Press Release

JCR-VIS upgrades the Short-Term Rating of Dubai Islamic Bank Pakistan Limited to A-1 (A-One)

Karachi, January 28, 2010: JCR-VIS Credit Rating Company Limited has upgraded the short-term rating of Dubai Islamic Bank Pakistan Limited (DIBP) to ‘A-1’ (A-One) from ‘A-2’ (A-Two). The medium to long term entity rating has been maintained at ‘A’ (Single A). Outlook on the rating remains ‘Stable’.

The revision of short-term rating takes into account the recent capital injection of USD 9m by the sponsoring bank, allowing DIBP to meet the minimum capital requirement of Rs. 6b for FY09. Moreover, DIBP has also been able to post profitable results for the first time during the full year 2009; continuation of positive trends in this regard may further enhance the level of capitalization going forward.

For further information on this rating announcement, please contact the Mr. Safdar Kazi (safdar@jcrvis.com.pk / Ext: 501) or Ms. Sabeen Saleem (sabeen@jcrvis.com.pk / Ext: 510) at 35311861-70 or fax to 35311872-3.




Faheem Ahmad
President & CEO

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