AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Lahore, June 28, 2019 (PPI-OT): The Entity Ratings of Alfalah Securities (Pvt) Limited apprehend its emerging position in the country’s brokerage industry. In the preceding year, Credit Lyonnais Securities Asia (CLSA) has acquired 24.9% stake in Alfalah Securities (Pvt.) Ltd, followed by Bank Alfalah Limited (~62%). The rating incorporates the company’s ability to retain market share in lackluster equity market volumes.
The company has sound governance framework and well developed organizational structure. The Internal control environment is considered effective with well-defined policies. Moreover, there will be a change in entity’s name to leverage CLSA’s strong brand. The rating continues to factor the company’s sound risk and compliance function.
Improvement in profitability, continuous monitoring of risk related parameters and retention of key human resource will bode well for the company. Meanwhile, maintaining its competitive position in the industry through diversification and volume based enhancement in revenues is critical for ratings.
For more information, contact:
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com