Islamic International Rating Agency (IIRA): Positive ratings for Trustbank Amanah.

Islamic International Rating Agency (IIRA) has assigned national ratings of BBB+/A2 (Triple B plus/Single A two) to Trustbank Amanah. The outlook for the assessment is positive and reaffirms its financial soundness and reliability. This recognition highlights the strong focus on responsible banking and transparency.

The BBB+/A2 ratings reflect financial stability, risk management and sustainable growth. In addition, Trustbank Amanah has made impressive progress on internationally acclaimed best practices, particularly from the perspective of establishing audit practices, including the implementation of IFRS 9-based reporting.

The positive outlook is supported by the recently concluded negotiations, which will significantly boost capital formation in the short term. Within the context of a recovering economy, Trustbank Amanah has the opportunity to grow.

Trustbank Amanah has also taken initiatives to integrate ESG principles into its strategy, in order to develop a green financing portfolio. Furthermore, Trustbank Amanah adheres to an adequate level of governance practices in accordance with applicable guidelines.

Although Shariah-based banking is not yet regulated by law in Suriname, Trustbank Amanah adheres to Shariah rules and principles as a fully-fledged primary "Islamic Bank". The product offering in the field of Islamic Banking & Finance has diversified and further efforts are being made to integrate them into new products and services. Further institutionalization of a post-transaction control system from the Shariah point of view, through the establishment of Shariah audit or compliance mechanisms, will be useful at the present stage given the expected growth.

Trustbank Amanah remains committed to providing its customers and investors with confidence that their financial interests are in safe hands. The BBB+/A2 ratings awarded are not only a recognition of her work, but also an incentive to continue striving for innovation and excellence.

With these ratings, Trustbank Amanah continues to work towards sustainable growth and progress, in line with its vision to create economic and social value. Together we are building a strong and sustainable future.