COMMERCIAL INTERNATIONAL BANK

RATINGS:

Type of Debt               Rating

Bank Financial Strength         C-
L/T Bank Deposit Rating        Ba2
S/T Bank Deposit Rating        NP

FINANCIAL ANALYSIS:

• Loan growth has slowed, reflecting a scarcity of good-quality lending opportunities
• Asset quality remains good, despite the increase in loan problems
• We value CIB's strong credit culture and conservative approach to classifying exposures
• Strengthening the funding base and extending funding tenor remain a priority
• Strong profits are coming under pressure, but support should come from growing focus on retail banking and SMEs