{"id":1812,"date":"2024-09-30T17:16:00","date_gmt":"2024-09-30T21:16:00","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1812"},"modified":"2025-04-29T17:16:48","modified_gmt":"2025-04-29T21:16:48","slug":"finabank-n-v","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/finabank-n-v\/","title":{"rendered":"Finabank N.V."},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p><strong>\u00a0<\/strong>On September 20, 2024, CariCRIS reaffirmed the Issuer\/Corporate Credit Ratings assigned to <strong>Finabank N.V. (Finabank or the Bank)<\/strong> at <em>sr<\/em><strong>A<\/strong> (Foreign Currency Rating) and <em>sr<\/em><strong>A+<\/strong> (Local Currency Rating) on the Suriname national scale<strong>. <\/strong>A <strong>stable<\/strong> outlook was maintained.<strong>\u00a0<\/strong><\/p>\n<p class=\"badge\"><strong>RATING SENSITIVITY FACTORS:<\/strong><\/p>\n<p><strong>\u00a0<\/strong><strong>Factors that could, individually or collectively, lead to an improvement in the ratings and\/or outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li data-mce-word-list=\"1\">Improvement in the Government of Suriname\u2019s (GOS\u2019) credit risk profile, leading to an improved economic and business environment for Finabank<\/li>\n<li data-mce-word-list=\"1\">Retail deposits \u2265 40% of funding base<\/li>\n<li data-mce-word-list=\"1\">A greater than 100% increase in Profit After Tax (PAT) sustained for 2 consecutive financial years<\/li>\n<li data-mce-word-list=\"1\">Improvement in Tangible Net Worth (TNW) to total adjusted assets to 12% or above sustained for 2 consecutive financial years<\/li>\n<\/ul>\n<p><strong>Factors that could, individually or collectively, lead to a lowering of the ratings and\/or outlook include:<\/strong><\/p>\n<ul style=\"list-style-type: disc;\">\n<li data-mce-word-list=\"1\">Deterioration in the GOS\u2019 credit risk profile, leading to a worsened economic and business environment for Finabank<\/li>\n<li data-mce-word-list=\"1\">Deterioration of the gross Non-Performing Loans (NPLs) to gross loans ratio to 5% or more, leading to reduced earnings and increased provisioning, thereby affecting profitability<\/li>\n<li data-mce-word-list=\"1\">Cost to income \u2265 50% sustained for 2 consecutive financial years<\/li>\n<li data-mce-word-list=\"1\">A greater than 10% decline in total income sustained for 2 consecutive financial years<\/li>\n<li data-mce-word-list=\"1\">The occurrence of any factors that may contribute to the deterioration of the Capital Adequacy Ratio (CAR) below the 10% minimum requirement for the Bank<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 12pt;\"><strong>Analysts\u2019 Contact Info:<\/strong><\/span><\/p>\n<p>Keith Hamlet<br \/>\nMobile: 1-868-487-8356<br \/>\n<a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a><\/p>\n<p>Megan Dass<br \/>\nMobile: 1-868-713-6863<br \/>\n<a href=\"mailto:mdass@caricris.com\">mdass@caricris.com<\/a><\/p>\n<p>www.caricris.com<br \/>\n<a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/p>\n<p><span style=\"font-size: 8pt;\">Disclaimer: CariCRIS has taken due care and caution in compilation of data for this product. Information has been obtained by CariCRIS from sources which it considers reliable. However, CariCRIS 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. No part of this report may be published\/ reproduced in any form without CariCRIS\u2019 prior written approval. CariCRIS is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers\/ users\/ transmitters\/ distributors of this product.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: \u00a0On September 20, 2024, CariCRIS reaffirmed the Issuer\/Corporate Credit Ratings assigned to Finabank N.V. (Finabank or the Bank) at srA (Foreign Currency Rating) and srA+ (Local Currency Rating) on the Suriname national scale. A stable outlook was maintained.\u00a0 RATING SENSITIVITY FACTORS: \u00a0Factors that could, individually or collectively, lead to an improvement in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"table_tags":[],"class_list":["post-1812","post","type-post","status-publish","format-standard","hentry","category-rating-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finabank N.V. - CariCRIS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/finabank-n-v\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finabank N.V. - CariCRIS\" \/>\n<meta property=\"og:description\" content=\"RATING ACTION: \u00a0On September 20, 2024, CariCRIS reaffirmed the Issuer\/Corporate Credit Ratings assigned to Finabank N.V. 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