KARACHI: Bank Makramah Limited has been assigned ‘A-’ long-term and ‘A2’ short-term entity ratings with a stable outlook by VIS Credit Rating Company, marking a return to the ratings scale after a multi-year suspension.
The assessment reflects a stronger credit profile supported by recapitalisation, ongoing restructuring efforts and improvements in governance and liquidity, the rating agency said. The bank’s previous ratings, assigned in 2018, stood at ‘BBB-’ for the long term and ‘A3’ for the short term with a negative outlook. These were suspended in 2019. The latest action represents both a restoration and an upgrade, alongside a revision in outlook to stable.
The upgrade follows a period of balance sheet strengthening and operational improvements, with the bank reporting a record pre-tax profit of Rs19 billion for the year ended 2025. It has also met regulatory benchmarks, including minimum capital requirements and capital adequacy ratios.
The lender’s improved solvency position and strengthened governance framework have supported its recovery, the agency noted, adding that the bank is now entering a phase characterised by greater financial stability and clearer strategic direction.
