Long-term credit rating of UKRSIBBANK is confirmed

Rating agency “Expert-Rating” confirmed the long-term credit rating of UKRSIBBANK BNP Paribas group at uaAAA level on the national Ukrainian scale, which means a high level of creditworthiness. Such a high score indicates the reliability and stability of the bank.

The confirmation of the rating was based on the results of the bank’s work in 2017 and in the first quarter of 2018, as well as the statistical reporting of the bank for 2017, January-July 2018.

Also in the report “Expert-Rating” it is stated that UKRSIBBANK has an unprecedentedly high level of support from its shareholders: BNP Paribas and EBRD. The bank is well provided with regulatory capital and liquidity, maintaining a stock of key standards in relation to their average values in the banking system while optimizing instant and current liquidity for the current market situation. The quality of the loan portfolio of the bank can be characterized as: better than the average market.

Overall, the bank has posted a strong net income after tax of

1.229 M UAH
, which is 2.17 times more than the volume of profit for the first half of 2017. During the same period, the bank markedly increased its net interest income and net fee and commission income.

More details with the assessment methodology can be found here.