{"id":1932,"date":"2023-10-18T17:41:35","date_gmt":"2023-10-18T21:41:35","guid":{"rendered":"https:\/\/craftedcaribbean.com\/caricris\/?p=1932"},"modified":"2025-05-03T17:42:17","modified_gmt":"2025-05-03T21:42:17","slug":"finabank-n-v-2","status":"publish","type":"post","link":"https:\/\/craftedcaribbean.com\/caricris\/rating-releases\/finabank-n-v-2\/","title":{"rendered":"Finabank N.V."},"content":{"rendered":"<h2><strong>RATING ACTION:<\/strong><\/h2>\n<p>On October 4, 2023, CariCRIS assigned the Issuer\/Corporate Credit ratings <em>sr<\/em><strong>A<\/strong> (Foreign Currency Rating) and <em>sr<\/em><strong>A+<\/strong> (Local Currency Rating) on its Suriname national scale to <strong>Finabank N.V. (Finabank or the Bank). <\/strong>A <strong>stable<\/strong> outlook was also assigned.<\/p>\n<p class=\"badge\"><strong>RATING SENSITIVITY FACTORS:<\/strong><\/p>\n<p><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\">The 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>Analysts\u2019 Contact Info:<\/p>\n<p>Keith Hamlet<\/p>\n<p>Mobile: 1-868-487-8356<\/p>\n<p><a href=\"mailto:khamlet@caricris.com\">khamlet@caricris.com<\/a><\/p>\n<p>Megan Dass<\/p>\n<p><a href=\"mailto:mdass@caricris.com\">mdass@caricris.com<\/a><\/p>\n<p><a href=\"http:\/\/www.caricris.com\"><strong>www.caricris.com<\/strong><\/a><strong> \u00a0\u00a0<\/strong><\/p>\n<p><strong><a href=\"mailto:info@caricris.com\">info@caricris.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RATING ACTION: On October 4, 2023, CariCRIS assigned the Issuer\/Corporate Credit ratings srA (Foreign Currency Rating) and srA+ (Local Currency Rating) on its Suriname national scale to Finabank N.V. (Finabank or the Bank). A stable outlook was also assigned. RATING SENSITIVITY FACTORS: Factors that could, individually or collectively, lead to an improvement in the ratings [&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-1932","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-2\/\" \/>\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: On October 4, 2023, CariCRIS assigned the Issuer\/Corporate Credit ratings srA (Foreign Currency Rating) and srA+ (Local Currency Rating) on its Suriname national scale to Finabank N.V. 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