Capital adequacy ratio

AM Best Affirms Credit Ratings of Misr Insurance Company

Retrieved on: 
Thursday, April 4, 2024
Insurance, Professional Services, ERM, Risk management, MIC, Environment, Risk, ALL, News, NSR, Capital adequacy ratio, Credit, AM Best, EGP, Good, MIHC

MIC is the non-life insurance subsidiary of Misr Insurance Holding Company (MIHC).

Key Points: 
  • MIC is the non-life insurance subsidiary of Misr Insurance Holding Company (MIHC).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Withdraws Credit Ratings of Moda Health Plan, Inc. and Oregon Dental Service

Retrieved on: 
Friday, March 15, 2024
Banking, Professional Services, Insurance, Finance, ODS, ERM, ALL, News, FSR, Fair, Capital adequacy ratio, Moda, Credit, AM Best, Moda Health, Good, Risk management

Concurrently, AM Best has downgraded the FSR to B (Fair) from B+ (Good) and the Long-Term ICR to “bb+” (Fair) from “bbb-” (Good) of Oregon Dental Service (ODS).

Key Points: 
  • Concurrently, AM Best has downgraded the FSR to B (Fair) from B+ (Good) and the Long-Term ICR to “bb+” (Fair) from “bbb-” (Good) of Oregon Dental Service (ODS).
  • Furthermore, AM Best has withdrawn these ratings as the companies have requested to no longer participate in AM Best’s interactive rating process.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Affirms Credit Ratings of Abarca - Companhia de Seguros S.A.

Retrieved on: 
Thursday, March 14, 2024
Banking, Professional Services, Insurance, Finance, EUR, Pressure, ALL, News, Capital adequacy ratio, Credit, AM Best, Good, Bank

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Abarca - Companhia de Seguros S.A. (Abarca) (Portugal).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Abarca - Companhia de Seguros S.A. (Abarca) (Portugal).
  • The outlook for these Credit Ratings (ratings) is negative.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Core Members of AXL Group, LP; Assigns Credit Ratings to Lombard International Global Insurance Ltd.

Retrieved on: 
Thursday, December 14, 2023
Insurance, Professional Services, Capital adequacy ratio, Acquisition, AXL, Risk management, Risk, Credit, AM Best, News, ALL, FSR, ICR

In addition, AM Best has assigned a FSR of A- (Excellent) and a Long-Term ICR of “a-” (Excellent) to Lombard International Global Insurance Ltd. (Bermuda).

Key Points: 
  • In addition, AM Best has assigned a FSR of A- (Excellent) and a Long-Term ICR of “a-” (Excellent) to Lombard International Global Insurance Ltd. (Bermuda).
  • The outlooks assigned to all these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Nu Holdings Ltd. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 14, 2023
Professional Services, Payments, Technology, Finance, Fintech, Banking, Social, Investment, Brazilian real, Conference, Analysis, Holding, Average cost method, Webcast, Ratio, International expansion of Netflix, ROE, Security (finance), International, NU, FX, INSS, Financial condition report, Result, Capital adequacy ratio, Acceleration, Insurance, IEP, Prospectus, Central Bank of Brazil, Asset quality, NPL, NYSE, Yoy, Financial result, Pix, Annual report, Phase 10, FXN, International Financial Reporting Standards, Cryptocurrency, Bank, Video game, Audit, Nu, Growth, Nubank, Payroll

Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Third Quarter 2023 financial results.

Key Points: 
  • Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Third Quarter 2023 financial results.
  • Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).
  • Below are the Q3’23 performance highlights of Nu Holdings Ltd.:
    Customer growth: Nu added 5.4 million customers in Q3’23 and 18.7 million year-over-year (YoY), reaching a total of 89.1 million customers globally by September 30, 2023.
  • Nu is the fourth-largest financial institution by number of customers in the country, according to Brazilian Central Bank data.

Pan Finance Announces the Q4 Award Winners of 2023

Retrieved on: 
Friday, December 8, 2023
Cloud, Motivation, United, Rania, Capital adequacy ratio, Acquisition, Reserve Bank of India, Intelligence, Directorate-General for International Partnerships, Investment, EVP, COVID-19, Digitalization, Development, Biophysical environment, Multilateralism, API, Reserve Bank, MENA, Environment, United Nations, ESG, Cryptocurrency, Renewable energy, Film industry

LONDON, Dec. 8, 2023 /PRNewswire/ -- In 2023, the global financial sector has navigated the aftermath of the COVID-19 epidemic with resilience and adaptability.

Key Points: 
  • LONDON, Dec. 8, 2023 /PRNewswire/ -- In 2023, the global financial sector has navigated the aftermath of the COVID-19 epidemic with resilience and adaptability.
  • It is therefore imperative that business school finance programs include sustainable investing concepts and tools as part of mainstream financial education; a topic explored in the front cover article of the Pan Finance Q4 2023 edition.
  • Furthermore, Pan Finance continues to shine a spotlight on many of the aforementioned issues by highlighting leading examples of best practice across the financial sector.
  • "Receiving Pan Finance's award is a significant honour for EQIBank, highlighting our expansive global reach and commitment to banking innovation.

Pan Finance Announces the Q4 Award Winners of 2023

Retrieved on: 
Friday, December 8, 2023
Cloud, Motivation, United, Rania, Capital adequacy ratio, Acquisition, Reserve Bank of India, Intelligence, Directorate-General for International Partnerships, Investment, EVP, COVID-19, Digitalization, Development, Biophysical environment, Multilateralism, API, Reserve Bank, MENA, Environment, United Nations, ESG, Cryptocurrency, Renewable energy, Film industry

LONDON, Dec. 8, 2023 /PRNewswire/ -- In 2023, the global financial sector has navigated the aftermath of the COVID-19 epidemic with resilience and adaptability.

Key Points: 
  • LONDON, Dec. 8, 2023 /PRNewswire/ -- In 2023, the global financial sector has navigated the aftermath of the COVID-19 epidemic with resilience and adaptability.
  • It is therefore imperative that business school finance programs include sustainable investing concepts and tools as part of mainstream financial education; a topic explored in the front cover article of the Pan Finance Q4 2023 edition.
  • Furthermore, Pan Finance continues to shine a spotlight on many of the aforementioned issues by highlighting leading examples of best practice across the financial sector.
  • "Receiving Pan Finance's award is a significant honour for EQIBank, highlighting our expansive global reach and commitment to banking innovation.

Credit Surges by 12.53%, BRI's Profit Soars to IDR 44.21 Trillion in 9 Months

Retrieved on: 
Wednesday, November 1, 2023
Foreign exchange market, Yoy, MSME, ESG, Edhi Sunarso, IDX, SME, Capital adequacy ratio, Multimedia, Growth, Risk management, BBRI, Loan, BRI, Supply chain management, MSME-Champions, Ultra, IDR, Bank, Financial services, Online shopping

(IDX: BBRI) grew by 9.93% to IDR 1,851.97 trillion, net profits increased by 12.47% to IDR 44.21 trillion, and credit disbursement rose by 12.53% to IDR 1,250.72 trillion in the first nine months of 2023.

Key Points: 
  • (IDX: BBRI) grew by 9.93% to IDR 1,851.97 trillion, net profits increased by 12.47% to IDR 44.21 trillion, and credit disbursement rose by 12.53% to IDR 1,250.72 trillion in the first nine months of 2023.
  • BRI's entire credit portfolio grew, with MSME loans up by 11.01% from IDR 935.86 trillion in Q3 2022 to IDR 1,038.90 trillion in Q3 2023, now accounting for 83.06% of the total credit.
  • Furthermore, the bank's commitment to ESG principles is shown by an 11.89% growth in ESG-related loans, totaling IDR 750.91 trillion, making up 66.1% of the credit portfolio.
  • Maintaining credit quality lowered Credit Cost to 2.44% in Q3 2023, with Non-Performing Loan Coverage at 228.65%.

AM Best Affirms Credit Ratings of BUPA México, Compañía de Seguros, S.A. de C.V.

Retrieved on: 
Thursday, October 12, 2023
Banking, Professional Services, Insurance, Finance, AM Best, United, S.A, Credit, Risk management, Capital adequacy ratio, Risk, Marginal, AM, Good, News, MXN, ALL, BUPA, Bupa

The ratings reflect Bupa Mexico’s balance sheet strength, which AM Best assesses as weak, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

Key Points: 
  • The ratings reflect Bupa Mexico’s balance sheet strength, which AM Best assesses as weak, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Financial Results For The Nine Months Ended 30 September 2023

Retrieved on: 
Tuesday, October 10, 2023
Asset, Basel Committee on Banking Supervision, Capital adequacy ratio, Equity, MEA, LCR, Growth, CAR, NPL, QNB Group, Qatar Central Bank, Airline, Cryptocurrency, Bank

DOHA, Qatar, Oct. 10, 2023 /PRNewswire/ -- QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2023.

Key Points: 
  • DOHA, Qatar, Oct. 10, 2023 /PRNewswire/ -- QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2023.
  • Net profit for the nine months ended 30 September 2023 reached QAR11.9 billion (USD3.3 billion), an increase of 8% compared to same period last year.
  • Also QNB Group's loans to deposits ratio remained strong at 99.2% as at 30 September 2023, well within the regulatory limits.
  • Also, Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) as at 30 September 2023 amounted to 166% and 102% respectively.