Moody's Investors Service has released its latest credit opinion on City Bank, acknowledging the bank's moderate profitability and capital in the context of rising asset risks.

These risks are offset by the bank's stable liquidity and an improving deposit base, according to a press release.

City Bank has maintained its issuer rating of B2, with an updated negative outlook that aligns with the recent country rating assigned to Bangladesh by Moody's, which also reflects the moderate likelihood of government support from Bangladesh (B2 negative).

The bank's notable strengths include its robust consumer banking and credit card divisions, strong liquidity position, and substantial holdings in government securities. These factors are seen as key credit positives.

However, heightened asset risks, stemming from challenging operating conditions and a high concentration within specific sectors, coupled with moderate capitalisation, have influenced some of the critical rating factors.

City Bank extends its gratitude to its customers, shareholders, employees, regulators, and well-wishers for their ongoing support.