Previous Story
First Hawaiian continues to be a strong and secure bank
|
Posted on Oct 09 2008
First Hawaiian Bank continues to be a strong and secure bank, ranked in the top 5 percent of all U.S. banks in terms of credit ratings, earnings, and capital—its rating is AA-, and the highest rating of any local bank. Its parent company, BNP Paribas, is one of the largest and most profitable banks in the world.
Their market capitalization as of June 30, 2008, was in excess of $55 billion and its long-term credit rating was one of the strongest in banking at AA+ from Standard & Poor’s.
“We are also ‘well capitalized’ by federal regulators. The bank’s capital ratio is one of the strongest in the U.S. The bank’s net capital position as of June 30, 2008 was in excess of $2.5 billion. Our bank’s credit policies avoided exposure to the sub-prime crisis and speculative real estate mortgage markets,” according to a media release from FHB.
FHB has consistently been a conservative and prudent lender. Its lending practices have not changed nor does it foresee any changes to its underwriting standards.
“Through good times and bad times, we remain committed to operating as a relationship bank and servicing the needs of our business and personal customers to the best of our ability. We remain committed to our customers, employees, and the Guam and CNMI community,” the media release added.
FHB said its depositors can rest assured that the bank is both safe and secure. [B][I](PR)[/I][/B]
