Press Release

JCR-VIS places Entity Ratings of Rozgar Microfinance Bank Limited on ‘Rating Watch-Developing Status’

Karachi, January 2, 2009: JCR-VIS Credit Rating Company Limited (JCR-VIS) has placed the entity rating of ’BB+/A-3’ (Double B Plus/A Three) assigned to Rozgar Microfinance Bank Limited (RMBL) on “Rating Watch-Developing Status”.

RMBL is licensed to provide microfinance to the poor in Karachi. Recent revision in prudential regulations, require the bank to tap external sources in order to meet the Minimum Capital Requirement (MCR) of Rs. 100m (net of accumulated losses) by December 31, 2008. Ratings will be revisited once the new financial plans are formalized.

For further information on this rating announcement, please contact Ms. Sabeen Saleem (Ext: 510) or Ms. Sobia Maqbool (Ext: 506) at 5311861-70 or fax to 5311873.


Faheem Ahmad
President & CEO

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