...Jordan Ahli Bank Plc's (JAB) Issuer Default Ratings (IDRs) are driven by its standalone strength, as reflected in its 'b+' Viability Rating (VR). The VR reflects JAB's tight core capitalisation and profitability that weighs on its business profile, and asset-quality risks from high concentrations and exposure to the West Bank. The VR also takes into consideration the bank's moderate but established franchise, adequate risk management, moderate impairments, and stable funding and liquidity. Challenging Operating Environment: High government debt, large external financing needs and geopolitical risks constrain GDP growth. The US¡Iran conflict increased energy import costs, and affected tourism, investments, capex and exports. Fitch Ratings expects real GDP growth of 2.3% in 2026, supported by macroeconomic stability, a resilient banking sector, and backing from international partners. Bank credit growth is likely to remain moderate (2026F: 3%-4%) due to limited financing opportunities and...
