Arab Bank for Economic Development in Africa

THE Arab Bank for Economic Development in Africa (BADEA) ASSIGNED 'AA' RATING WITH stable OUTLOOK FROM S&P Global Ratings, Underpinned by 'extremely strong' financial profile

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星期二, 十月 4, 2022

KAMPALA, Uganda, Oct. 4, 2022 /PRNewswire/ -- S&P Global Ratings ("S&P") has today assigned a 'AA' foreign currency long-term issuer credit rating to the Arab Bank for Economic Development in Africa (BADEA), with a 'Stable' outlook.

Key Points:

KAMPALA, Uganda, Oct. 4, 2022 /PRNewswire/ -- S&P Global Ratings ("S&P") has today assigned a 'AA' foreign currency long-term issuer credit rating to the Arab Bank for Economic Development in Africa (BADEA), with a 'Stable' outlook.
This extremely high rating follows the 'Aa2' rating with Positive Outlook assigned by Moody's earlier this year and confirms the extraordinary credit profile of the bank for all stakeholders.
BADEA's financial risk profile is 'Extremely Strong', driven by one of the highest Risk Adjusted Capital ratios (86.1% after adjustments) among all S&P rated MLIs.
The Bank is an independent International Institution enjoying full international legal status and complete autonomy in administrative and financial matters.

THE Arab Bank for Economic Development in Africa (BADEA) ASSIGNED 'AA' RATING WITH stable OUTLOOK FROM S&P Global Ratings, Underpinned by 'extremely strong' financial profile

Retrieved on:

星期二, 十月 4, 2022

KAMPALA, Uganda, Oct. 4, 2022 /PRNewswire/ -- S&P Global Ratings ("S&P") has today assigned a 'AA' foreign currency long-term issuer credit rating to the Arab Bank for Economic Development in Africa (BADEA), with a 'Stable' outlook.

Key Points:

KAMPALA, Uganda, Oct. 4, 2022 /PRNewswire/ -- S&P Global Ratings ("S&P") has today assigned a 'AA' foreign currency long-term issuer credit rating to the Arab Bank for Economic Development in Africa (BADEA), with a 'Stable' outlook.
This extremely high rating follows the 'Aa2' rating with Positive Outlook assigned by Moody's earlier this year and confirms the extraordinary credit profile of the bank for all stakeholders.
BADEA's financial risk profile is 'Extremely Strong', driven by one of the highest Risk Adjusted Capital ratios (86.1% after adjustments) among all S&P rated MLIs.
The Bank is an independent International Institution enjoying full international legal status and complete autonomy in administrative and financial matters.

African Women Impact Fund launches with USD$60 million commitment to drive an inclusive investment environment

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星期一, 九月 19, 2022

This holds true within the investment space where these prejudices obstruct female entrepreneurship, appointment of women in leadership roles, and empowerment of female fund managers.

Key Points:

This holds true within the investment space where these prejudices obstruct female entrepreneurship, appointment of women in leadership roles, and empowerment of female fund managers.
The Initiative has a two-fold agenda of making a commercial impact for investors while empowering women financial leaders to drive growth in Africa.
With 20 years' experience in supporting diverse and start-up investment managers on the African continent, we are excited to manage the investments of the African Women Impact Fund and continue the journey of empowerment."
These funds will provide capital to existing women owners and women fund managers across different asset classes and African regions.

Arab Coordination Group (ACG) Institutions launch food security action with initial US$10 billion package

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星期一, 六月 20, 2022

VIENNA, June 20, 2022 /PRNewswire/ --The Arab Coordination Group (ACG) is taking action in response to the global food supply crisis.

Key Points:

VIENNA, June 20, 2022 /PRNewswire/ --The Arab Coordination Group (ACG) is taking action in response to the global food supply crisis.
As a first step, the group is providing an initial US$10 billion for immediate relief and long-term support.
The Group will launch a detailed action plan at the next UN Climate Conference COP27 in November in Egypt.
ACG comprises four bilateral and six multilateral Arab development financial institutions: Abu Dhabi Fund for Development, Arab Bank for Economic Development in Africa, Arab Fund for Economic and Social Development, Arab Gulf Program for Development, Arab Monetary Fund, Islamic Development Bank, Kuwait Fund for Arab Economic Development, OPEC Fund for International Development, Qatar Fund for Development, and Saudi Fund for Development.

Arab Coordination Group (ACG) Institutions launch food security action with initial US$10 billion package

Retrieved on:

星期一, 六月 20, 2022

VIENNA, June 20, 2022 /PRNewswire/ --The Arab Coordination Group (ACG) is taking action in response to the global food supply crisis.

Key Points:

VIENNA, June 20, 2022 /PRNewswire/ --The Arab Coordination Group (ACG) is taking action in response to the global food supply crisis.
As a first step, the group is providing an initial US$10 billion for immediate relief and long-term support.
The Group will launch a detailed action plan at the next UN Climate Conference COP27 in November in Egypt.
ACG comprises four bilateral and six multilateral Arab development financial institutions: Abu Dhabi Fund for Development, Arab Bank for Economic Development in Africa, Arab Fund for Economic and Social Development, Arab Gulf Program for Development, Arab Monetary Fund, Islamic Development Bank, Kuwait Fund for Arab Economic Development, OPEC Fund for International Development, Qatar Fund for Development, and Saudi Fund for Development.

THE Arab Bank for Economic Development in Africa (BADEA) RECEIVES INAUGURAL, Aa2 RATING WITH POSITIVE OUTLOOK FROM MOODY's REFLECTING THE BANK'S UNIQUE STRENGTHS

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星期五, 二月 18, 2022

KHARTOUM, Sudan, Feb. 18, 2022 /PRNewswire/ -- Moody's Investors Service ("Moody's") has today assigned a Aa2 foreign currency long-term issuer rating to the Arab Bank for Economic Development in Africa (BADEA) with a positive outlook.

Key Points:

KHARTOUM, Sudan, Feb. 18, 2022 /PRNewswire/ -- Moody's Investors Service ("Moody's") has today assigned a Aa2 foreign currency long-term issuer rating to the Arab Bank for Economic Development in Africa (BADEA) with a positive outlook.
This extremely high rating coincides with the 48th Anniversary of the bank's establishment by the eighteen visionary members of the League of Arab States (LAS).
The positive outlook reflects Moody's view that a continuing improvement in BADEA's asset performance would likely support a higher rating in the future.
This Aa2 rating recognises the extraordinary capital and liquidity position of the Bank, while the positive outlook reflects the continued strengthening of our internal capabilities.

The Arab Bank for Economic Development in Africa (BADEA) Receives Inaugural, Aa2 Rating With Positive Outlook From Moody's Reflecting The Bank's Unique Strengths

Retrieved on:

星期五, 二月 18, 2022

KHARTOUM, Sudan, Feb. 18, 2022 /PRNewswire/ -- Moody's Investors Service ("Moody's") has today assigned a Aa2 foreign currency long-term issuer rating to the Arab Bank for Economic Development in Africa (BADEA) with a positive outlook.

Key Points:

KHARTOUM, Sudan, Feb. 18, 2022 /PRNewswire/ -- Moody's Investors Service ("Moody's") has today assigned a Aa2 foreign currency long-term issuer rating to the Arab Bank for Economic Development in Africa (BADEA) with a positive outlook.
This extremely high rating coincides with the 48th Anniversary of the bank's establishment by the eighteen visionary members of the League of Arab States (LAS).
The positive outlook reflects Moody's view that a continuing improvement in BADEA's asset performance would likely support a higher rating in the future.
This Aa2 rating recognises the extraordinary capital and liquidity position of the Bank, while the positive outlook reflects the continued strengthening of our internal capabilities.