These days, the emphasis is not so much on earnings, but asset quality.

Revenues are starting to pick up and asset quality is improving.

"We are one of the better banks in terms of asset quality."

In February 2013 the bank was revealed to have poor asset quality, weak risk management and lack of proper operating data.

While always an issue for banks, declining asset quality has become a big problem for financial institutions.

And that has led to increasing concerns about asset quality.

"It's got good management and good asset quality," he said.

"But you can't improve asset quality and work out bad loans overnight."

A rating of 1 reflects high asset quality and minimal portfolio risks.

Loan quality and asset quality are two terms with basically the same meaning.