As per CRISL Report 'CRISL has reaffirmed the long term rating "AA+" and the short-term rating "ST-2" to EBL. The above ratings have been
arrived at after an in-depth analysis of the operational and financial performance of the Bank along with all its relevant quantitative and
During the year, the Bank's financial performance, capital adequacy, non-funded business, operational network were sound reflecting strong
position of the Bank. However, although the Bank is operating with comfortable adequacy at present, it needs to take care of increasing
requirement of capital adequacy maintenance under Basel-III regime. At the same time, appropriate attention and regular monitoring is also
needed to keep the asset quality under control which may have positive impact on keeping desired profitability.
Banks rated in this category are adjudged to be of high quality, offer higher safety and have high credit quality. This level of rating indicates
a banking entity with a sound credit profile and without significant problems. Risks are modest and may vary slightly from time to time
because of economic conditions. Short-term rating indicates high certainty of timely repayment. Liquidity factors are strong and supported
by good fundamental protection factors. Risk factors are very small.
CRISL also viewed the Bank with "Stable Outlook" and believes that Bank will be able to maintain its good fundamentals in the future.'