PACRA WITHDRAWS RATINGS OF
TRUST INVESTMENT BANK LIMITED AND
FIDELITY INVESTMENT BANK LIMITED

 

Lahore: June 29, 2004

Consequent to the merger of Trust Investment Bank Limited (TIBL), Fidelity Investment Bank Limited (FIBL) and Doha Bank – Pakistan Branches to form Trust Commercial Bank Limited, the ratings assigned to TIBL and FIBL by PACRA stand withdrawn. The rating of secured TFCs of PKR 287.50mln of TIBL has also been withdrawn.