Fitch affirms Abu Dhabi Commercial Bank

Fitch Ratings said it affirmed Abu Dhabi Commercial Bank's (ADCB) support rating of 1.

The agency said the rating reflects the extremely high probability of support, should it ever be required, from the government of Abu Dhabi, which owns 65% of the bank through the Abu Dhabi Investment Authority.

ADCB's 2005 results show continued improvement with year-end capitalization, asset quality and profitability on a par with the peer group, Fitch noted.

However, rapid loan growth remains an area of concern, the agency added.

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