Bank Makramah Limited (BML) has been assigned initial entity ratings of ‘A-’ (long-term) and ‘A2’ (short-term) with a stable outlook by VIS Credit Rating Company Limited, reflecting a significant improvement in the bank’s financial and operational profile.
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The assigned ratings indicate good credit quality and adequate protection factors, along with a strong likelihood of timely repayment of short-term obligations. The stable outlook suggests confidence in the bank’s ability to maintain its financial position in the near term.
This marks a notable turnaround for the bank, whose previous ratings in 2018 stood at ‘BBB-’ (long-term) and ‘A3’ (short-term) with a negative outlook, before being suspended in 2019. The latest upgrade reflects a restoration of ratings alongside a substantial improvement in both long- and short-term indicators.
The improved rating profile is supported by strong sponsor backing, successful recapitalisation and ongoing restructuring efforts, which have strengthened the bank’s governance, liquidity and solvency position. The transformation follows a change in ownership and a renewed strategic direction aimed at stabilising operations and enhancing long-term performance.
Financial performance has also contributed to the upgrade, with the bank reporting a record pre-tax profit of Rs19 billion for 2025, alongside compliance with regulatory benchmarks such as the Minimum Capital Requirement (MCR) and Capital Adequacy Ratio (CAR).
With improved fundamentals and a clearer strategic roadmap, Bank Makramah Limited is entering a new phase focused on financial stability, operational efficiency and sustainable growth, positioning itself for stronger performance within Pakistan’s banking sector.
