EXIM Bank gets ‘AAA’ credit rating from PACRA

ISLAMABAD: The Pakistan Credit Rating Agency (PACRA) has given the Export-Import Bank of Pakistan (EXIM) top ratings—‘AAA’ for the long term and ‘A1+’ for the short term.

This means EXIM is seen as a strong institution, backed by the government, which would likely step in if support is needed.

EXIM Bank was set up in February 2023 by the government to help boost exports and open doors to new markets.

One of the ways the bank is doing this is by offering Trade Credit Insurance to exporters. This insurance protects against the risk of buyers failing to pay, which makes Pakistan’s exporters more competitive internationally.

Since the bank is still in its early stages, it’s focused on keeping its finances stable. It has a solid capital base of PKR 10 billion and follows strict rules set by the State Bank of Pakistan.

Despite the fact that it’s working on securing reinsurance deals, EXIM is currently managing risks by being careful with its underwriting, keeping leverage low, and setting conservative transaction limits.

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