Albaraka Banking Group http://www.alacrastore.com/company-snapshot/Albaraka_Banking_Group-3817053 Monday, October 06, 2008 1:11:48 PM 3817053 Albaraka Banking Group en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/bir/1339835bir/1339835normAl Baraka Banking Group BSCBahrainFinance: Holding company with subidiaries providing Islamic banking services around the world, Albaraka Banking Group is the banking arm of the Dallah Al Baraka Group6719602955111252211010HMBARKA6/6/2008 6:20:00 AM1339835Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/spcred/650556spcred/650556normThe latest Full Report from S&Pglobal5/28/2008 8:19:33 AM400Full Report650556BahrainDiversified BanksEurope, Middle East, AfricaEmerging MarketsGlobal IssuersFinancial InstitutionsFull ReportComparative advantage as a fully fledged Islamic banking group Good geographic diversification Good liquidity profile Satisfactory capitalization Fragmented business model, with weak market positions in most of the countries in which the group operates Only adequate asset quality Challenging funding mix Below regional average profitability The ratings on Albaraka Banking Group (B.S.C.) (ABG) reflect the group's geographic diversification, as a fully fledged Islamic banking group, good liquidity profile, and satisfactory capitalization. The current ratings are assigned to ABG--the bank holding company incorporated in Bahrain consolidating subsidiaries spanning 12 countries. They reflect ABG's stand-alone creditworthiness and do not factor in potential external support from shareholders or authorities. The group's fragmented business model, only adequate asset quality, challenging funding mix, and belowBHR40101010 401010 4010 40Albaraka Banking Group (B.S.C.)411617EUROMIDAFREMERGINGFULLGLOBISSFICredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/650559spcred/650559normThe latest Summary from S&Pglobal5/28/2008 8:19:33 AM175Summary650559BahrainDiversified BanksEurope, Middle East, AfricaEmerging MarketsGlobal IssuersFinancial InstitutionsSummaryThe ratings on Albaraka Banking Group (B.S.C.) (ABG) reflect the group's geographic diversification, as a fully fledged Islamic banking group, good liquidity profile, and satisfactory capitalization. The current ratings are assigned to ABG--the bank holding company incorporated in Bahrain consolidating subsidiaries spanning 12 countries. They reflect ABG's stand-alone creditworthiness and do not factor in potential external support from shareholders or authorities. The group's fragmented business model, only adequate asset quality, challenging funding mix, and below regional average profitability offset these positive factors. ABG's main challenges are to develop its customer franchise, enhance profitability, and control risks, with the parent bank and its units becoming a more cohesive group. With total assets of $10.1 billion at year-end 2007, ABG is aBHR40101010 401010 4010 40Albaraka Banking Group (B.S.C.)411617EUROMIDAFREMERGINGSUMMARYGLOBISSFICredit & Investment ResearchS&P Credit Research