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RAM Ratings reaffirms Public Islamic Bank's ratings

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RAM Ratings reaffirms Public Islamic Bank's ratings

RAM Ratings reaffirmed the AAA/Stable/P1 financial institutionratings of Public Islamic Bank Bhd.

The rating agency said April 26 that the bank's ratings reflectits strategic importance as the Islamic banking arm of Public Bank Bhd. and as such, capital and funding supportare expected if the need arises.

The bank's asset quality has remained resilient despite an enlargedfinancing base. However, the bank remains exposed to deposit-concentration risk.