Fitch assigns Invest Bank long-term credit rating of 'BBB+'

Fitch Ratings has assigned Invest Bank (INB) its first long-term credit rating of BBB+ with a stable outlook, marking the institution’s strong financial profile and positioning the bank for sustainable long-term growth.

According to Fitch, Invest Bank's Long-Term IDR is backed by the expected Government support alongside adequate capitalisation, good liquidity coverage and improving financial performance.

The Stable Outlook reflects the expectation that the Bank will continue to execute its strategy while maintaining appropriate capital and liquidity buffers.

The rating follows a multi-year transformation program undertaken by the Bank to strengthen its balance sheet, enhance governance, risk management, improve operating performance and reposition the Bank for sustainable growth. Following past restructuring, the Bank returned to profitability in 2025 and has continued to build this momentum through disciplined execution and a clear strategic focus.

Fitch noted the continued improvement in the Bank's operating performance, including net interest income, adequate reserve coverage and a robust capital position. The agency highlighted the Bank's liquidity profile and the expectation that legacy impaired assets may continue to reduce over the medium term as the transformation progresses.

While recognising that the Bank continues to operate with a relatively small domestic franchise and remains in a rebuilding phase, Fitch acknowledged the progress made in strengthening the Bank's financial resilience and executing its long-term strategy.

“Receiving our inaugural investment-grade rating from Fitch is a defining milestone for Invest Bank and an important validation of the progress we have made over the past few years," said Chief Executive Officer's Statement, Edris Al Rafi.

"This rating reflects the dedication of our people, the continued support of our shareholders, and our unwavering focus on disciplined execution. We have consciously worked to strengthen our balance sheet through focused diversification and digitisation.

"While we are proud of today’s achievement, we see it as an important steppingstone rather than the destination. Our priority remains creating long-term value for all our stakeholders be it our customers, shareholders, employees, regulators and the communities we serve, while continuing to build a stronger, more resilient and more competitive bank.”